Lagos startup filed Police complaint against GetEquity founders over unpaid funds
- Peppa files a police complaint against GetEquity over $43,000 raised using their platform.
- GetEquity claims to have already paid $29,000 and blames FX volatility for their inability to pay the outstanding amount.
- Peppa filed the complaint as a last resort after months of dialogue with GetEquity.
The situation between Peppa and GetEquity highlights the challenges faced by startups in the online fundraising space. FX volatility can indeed impact a company's ability to fulfill financial obligations, but it is crucial for platforms like GetEquity to communicate effectively with their clients and find alternative solutions. This case raises questions about trust and transparency in the startup ecosystem.
