Zazuu, a payment marketplace for remittance services, has shut down
- Zazuu, the fintech marketplace for cross-border payment networks in Africa, has shut down after failing to raise funding.
- The startup operated on the belief that a marketplace where customers could choose the cheapest remittance option could help lower prices by bringing transparency and increasing competition.
- Zazuu’s shutdown is another in a series of startups shutting down this year as funding dries up for Africa’s tech ecosystem.
The closure of Zazuu highlights the challenges faced by African fintech startups in securing funding. The lack of financial support for these ventures is hindering the growth of the tech ecosystem in Africa.
