CEO Of Thiel’s “Anti-Woke” Banking Startup Resigns

The Daily Beast reports:

The CEO of an anti-woke banking startup that raised tens of millions in funding and then careened toward bankruptcy has resigned, The Wall Street Journal reported.

GloriFi was launched by Toby Neugebauer and Nick Ayers, former chief of staff to Mike Pence, and promoted as an alternative to liberal banks for conservatives.

A recent Journal investigation examined the company’s rocky finances and CEO Neugebauer’s behavior, including allegations of on-the-job drinking and tirades.

Read the full article. The WSJ report is behind a paywall. As you can below, Neugebauer recently appeared on CPAC’s “Fighting Soros” panel.

A recent Journal investigation examined GloriFi’s rocky finances and CEO Toby Neugebauer’s behavior, including allegations of on-the-job drinking and tirades. https://t.co/Npq5pk38ce

— The Daily Beast (@thedailybeast) October 18, 2022

Toby Neugebauer, CEO of “anti-woke” fintech startup GloriFi, has resigned https://t.co/UvNc2A3eK3 via @WSJ

— Jason Zweig (@jasonzweigwsj) October 17, 2022

Amidst @CandaceOwens driving thousands to GloriFi this weekend, Founder/CEO Toby Neugebauer, spent Sunday calling new members, thanking them for their grace in our ramped up beta launch and asking for feedback so we can learn and improve for you. #LetsGloriFi #Leadership #PayPal pic.twitter.com/ptHtmvzLhD

— GloriFi (@glorifi) October 10, 2022