Thepeer investors request audit following shutdown
- Thepeer, a Nigerian startup, has decided to cease operations due to struggles with onboarding users and regulatory challenges.
- Co-founders Michael Okoh and Chike Ononye announced the shutdown, pointing to difficulties with onboarding customers and regulatory compliance.
- Investors and shareholders have called for an audit of Thepeer's accounts, expressing concerns about the company's financial status.
The shutdown of Thepeer highlights the challenges faced by startups in the Nigerian API technology industry. The difficulties with onboarding users and regulatory compliance demonstrate the complexities of introducing new payment methods. The call for an audit suggests potential financial mismanagement, raising concerns among investors and shareholders.
