YC-backed digital bank Onyx Private tells customers it’s closing their accounts

This post is by Mary Ann Azevedo from TechCrunch

Miami-based Onyx Private, a Y Combinator-backed digital bank that provided banking and investment services for high-earning Millennials and Gen Zers, is terminating its bank operations. In a March 13 email to a customer viewed by TechCrunch, with a subject line that read: “Important Notice: Termination of Bank Operations and Account Closure” Onyx wrote, “We are […] © 2024 TechCrunch. All rights reserved. For personal use only.