Renda’s $1.9 million pre-seed
- iProcure placed under administration due to cash flow issues
- Moniepoint and Paga warn customers about blocking accounts for crypto transactions
- Renda raises $1.9 million in pre-seed funding to expand services and partners
The news highlights the challenges faced by agritech companies in maintaining financial stability. The decision by Moniepoint and Paga to block accounts for crypto transactions reflects the regulatory uncertainty surrounding cryptocurrencies in Nigeria. Renda's successful funding round demonstrates the growing demand for logistics services in Nigeria and Kenya.
