// startup autopsy
LebanonFin
El fintech de Líbano construido sobre banca en USD durante la crisis bancaria que congeló los retiros de USD a $400/mes y la libra perdió el 90% de su valor
macro politicalMarket Exit
Error fatal: Lebanon October 2019 protests and banking crisis: BdL (central bank) imposed capital controls on USD withdrawals limiting to $400/month. Banks froze accounts. Lebanese pound lost 90% of value by 2021. August 2020 Beirut port explosion killed 218 and caused $15B in damage. Fintech product built on USD banking infrastructure became unusable.
Timeline de Eventos Clave
FOUNDING
CRISIS
CRISIS
SHUTDOWN