Personal payroll and benefits FinTech Catch is shutting down after acknowledging that it cannot topple a “trillion-dollar ecosystem.”
The Catch platform enables independent contractors and other self-employed people to divide their income amongst savings, insurance, taxes, and other expenses. It has raised about USD 18 million in funding over the last six years and obtained insurance licenses in 47 states and the District of Columbia.
The business has since announced that it is closing its doors, citing the “current market conditions”.
