Post-CEO exit, Cellulant appoints new leaders, shifts focus to profitability
- Cellulant, the pan-African payments startup, has named new executives after the departure of its CEO and senior managers.
- The company aims to become a sustainable and profitable payments company, focusing on checkout, payout, and banking solutions.
- Cellulant had a challenging year in 2023, including layoffs and the failure to secure a $100 million funding round.
The departure of the CEO and senior managers, as well as the challenges faced by Cellulant in 2023, indicate a period of instability and uncertainty for the company. However, the appointment of new executives and the focus on becoming a sustainable and profitable payments company show a commitment to overcoming these challenges and driving growth.
