Red Flags
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Lanistar
Lanistar’s rapid rise was met with regulatory hurdles, product issues, and financial instability—raising concerns about its viability.
Quick summary on Lanistar
Regulatory Concerns:
Lanistar faced a consumer warning from the UK’s FCA in 2020, raising doubts about its compliance and trustworthiness.
Misleading Marketing:
The company’s aggressive influencer marketing created hype but also backlash due to exaggerated claims and regulatory issues.
Product Issues:
Users reported frequent technical glitches, missing features, and poor customer support, undermining its promise as a banking alternative.
Financial Instability:
Lanistar’s rapid expansion and high burn rate raised concerns about its long-term sustainability and investor confidence.
Uncertain Crypto Pivot:
The shift to cryptocurrency appeared desperate, introducing new regulatory risks and placing it against well-established competitors.
Leadership & Culture Issues:
CEO Gurhan Kiziloz’s inexperience in fintech and reports of high employee turnover suggest deeper corporate management problems.
by: Charlotte Nelson
I was excited about Lanistar’s supposed ‘next-gen banking’ but quickly realized they’re just another unreliable fintech with poor management My money was deducted twice for a single transaction, and they refused to reimburse me
by: Stella Collins
Lanistar took my deposit and then immediately flagged my account for suspicious activity I had to prove my identity multiple times, and it still took months to resolve. By the time they unfroze my money I had already moved on...
by: Thomas King
This company is a total scam. I tried withdrawing my own money and Lanistar kept rejecting the transaction with no explanation They held my funds hostage for weeks before finally allowing a transfer
by: Sadie Price
Lanistar is a disaster waiting to happen—imagine your bank randomly freezing your money with no explanation
by: Ryan Hughes
I’ve never felt so scammed in my life hidden fees unresponsive support, and an app that barely works
by: Abigail Nelson
Lanistar’s flashy branding hides the fact that they are unreliable untrustworthy, and completely incompetent
by: Adam Peterson
If you want a financial service that randomly locks you out and ignores your complaints Lanistar is perfect
by: Alyssa Parker
I lost over $500 due to an account error and never got a refund Lanistar is a complete scam
by: Amelia Simmons
You’d get better customer service from a rock than from Lanistar’s socalled support team.
by: Sophia Thompson
Lanistar’s hype was all smoke, no fire. Couldn’t trust a word they said.
by: Ethan Hernandez
After that FCA warning, I couldn’t trust them to handle my money.
by: Nathan Gonzalez
If you like getting locked out of your account randomly, dealing with an app that barely functions, and being ignored by customer service, then Lanistar is the perfect choice for you
by: Lilian Franco
Lanistar’s marketing is flashy, but when it comes to actually using their services, it’s more smoke than fire 🔥💨
Pros
Cons
by: Olivia Martinez
Glitchy app, poor experience.
Cons
by: Cedric Holloway
They call it the future of banking, but I’m still waiting for the present to work properly.
by: Mason Williams
Their tech issues are a joke. I could’ve built a better app in my spare time.
Cons
by: Ethan Patterson
The worst financial service I’ve ever used. Payments failed randomly my balance would change overnight and their security is so weak I had fraudulent charges within my first month
by: Zephyr Molina
Getting clear information on how it all works feels like trying to unlock a mystery vault with no key.
by: Savannah Patterson
I signed up for Lanistar thinking it was a modern banking alternative, but it turned out to be a nightmare. Transactions would randomly get declined, and my account was frozen without notice. Their customer service took weeks to respond, and...
by: Scarlett Reed
I’ve never dealt with a company this incompetent. Lanistar locked my funds for security checks and then ghosted me for two months. I had to send dozens of emails just to get a generic response that didn’t even address my...
by: Sebastian Mitchell
They advertised themselves as an innovative fintech, but their app crashes constantly, transactions disappear, and support is impossible to reach. I lost money due to a system glitch, and they refused to take any responsibility
by: Alex Rivera
They claim to be a fintech revolution but the only thing they revolutionized was my stress levels
by: Eliot Ramsey
It’s great that they’re ‘disrupting’ the industry, but it would be even better if they had a functional product first.
by: Ariella Fischer
The customer support experience is like talking to a chatbot that only knows how to apologize.
by: Sarah Ross
I had to fight for weeks just to get access to my own money Lanistar is an absolute joke of a company.
by: Robert Simmons
Lanistar talks a big game, but in reality, their service is a mess of technical failures and empty promises
by: Robert Simmons
Lanistar talks a big game but in reality their service is a mess of technical failures and empty promises
by: Isabella Foster
Lanistar keeps luring in customers with flashy social media ads, but their actual service is completely unreliable. I couldn't access my funds for over a week, and they offered no compensation or apology
by: Samuel Diaz
Their advertising makes them look premium but in reality, their service is barely functional and frustrating