Bank startup funded by Donald Trump supporter Peter Thiel Pitched as “anti woke” For “pro-freedom” Americans has shut down its business after just three months.

GloriFi, the bank, had spent $50 million on investment money. It laid off most of its employees Monday and informed workers that it was closing down. The Wall Street Journal The first report was made by the reporter. Last Friday, the funding that was needed to continue the operation’s operations fell through.

“We will be closing all accounts opened to date,” GloriFi’s website informed consumers. Consumers were informed.

GloriFi was touted as an alternative to Wall Street’s liberal banking system.

Entrepreneur and major GOP donor Toby Neugebauer and business partner Nick Ayers — the chief of staff for former Vice President Mike Pence — said that a huge market of plumbers, electricians and police officers were fed up with big banks that didn’t share their values, according to a Journal profile of the operation earlier this year.

GloriFi offered banks accounts and credit cards. They also planned to offer mortgages and insurance. “love of God and country,” According to the Journal.

Neugebauer also proposed plans to offer gun owners discounts for home insurance and credit cards made from shell casing material. assistance paying legal bills If customers shoot someone in self-defense Rolling Stone reported.

Candace Owens, right-wing commentator, was the spokesperson for this brand.

Besides Thiel, the operation (*3*) including former Georgia Republican Sen. Kelly Loeffler Citadel founder Ken Griffin

GloriFi emerged within a few months. missed launch dates, blaming faulty technology and vendor problems, and investors’ money was nearly gone, according to news reports.

The “financial challenges related to startup mistakes, the failing economy, reputational attacks, and multiple negative stories took their toll,” said a statement on the company’s website.