Alza, a Latino-focused fintech startup based in New York, abruptly shut down in January 2025, resulting in the layoff of its entire team. The company, which had raised $6.6 million from investors including Thrive Capital, was founded in 2021 to provide financial services like checking accounts and cross-border remittances to the U.S. Spanish-speaking population. CEO Arturo Villanueva announced the dissolution just before the holidays without specifying a reason, marking another closure in the competitive fintech sector. The shutdown left all employees affected, though the exact headcount was not disclosed.
