Fintech firm MyBambu 'losing money' since start of the year, employee says

WPTV

WEST PALM BEACH, Fla. — Employees, now laid off from financial services firm MyBambu, tell WPTV they were aware of the company’s financial struggles since the beginning of the year.

WATCH BELOW: 'We were aware we were losing money,' employee tells WPTV Fintech firm MyBambu 'losing money' since start of the year, employee says

The company would later announce they plan to hire an additional 200 people at a meeting with city and county officials, who celebrated the company’s success as proof of creating a “Wall Street South” financial hub in Palm Beach County.

However, the company told the Florida Department of Commerce it now plans to close their West Palm Beach office in a WARN letter released earlier this week . It’s unclear if any of the additional employees were hired