Analysis

February 1, 2021

Instagram-hyped fintech Lanistar sees layoffs, late wages, and launch delays

The company has fired ~40 support staff, while others say they've waited weeks for overdue wages


Isabel Woodford

7 min read

Courtesy of GURHAN KIZILOZ via Forbes

Late last year, a little-known company called Lanistar burst onto the scene.

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An apologetic email sent from CEO Gurhan Kiziloz in mid-January to customer-support staff. Sources say payment was not received as promised on the 21st.
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A message sent by customer support chief, Neil Long, blaming the company's bank for the delay in salary payments.
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Lansitar-branded luxury cars were stationed around Central London in December. Photo credit: Sifted
An extract from the company website, mentioning a tiered price system
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