Evaluating only Bankity’s profile at its peak — without knowing the outcome — the model ranked Unit economics as the #1 likely cause. That’s exactly how it died.
Key Events Timeline
FOUNDING
FUNDING
CRISIS
SHUTDOWN
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Documented cause
Bankity aimed to become a digital bank for Colombia's underbanked population. The company built a financial app offering expense tracking, transfers, and basic credit. However, the regulatory path to a full banking licence in Colombia proved longer and more expensive than anticipated, and the company burned through its $2M seed before reaching the scale needed to attract Series A investment.
Lesson
“Build regulatory runway estimates before seed, not after — the cost of a banking licence is a fixed cost that must be in the plan from day one.”