Punk Money

Punk Money was founded with the mission to challenge traditional banking by creating a decentralized, peer-to-peer lending platform. The company's goal was to directly connect lenders with borrowers, aiming to offer better rates by cutting out intermediary banks. It promoted itself as a "community-owned financial institution," intending for its members to have a stake in its governance and success. Despite raising funds and building a community, the company failed to secure full regulatory approval for its peer-to-peer lending model and ultimately announced it was ceasing operations in late 2022.