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.
2024: A Year of Uncertainty and Diverse Prospects for African Startups After a Challenging Previous Year
African tech startups faced challenges in securing venture capital, leading to bridge rounds, fire sales, layoffs, and closures. The decline in VC funding has particularly affected growth-stage companies.
Last year was a tough period for African growth-stage startups and 2024 presents a mixed bag
South Africa's WhereIsMyTransport and Kenyan logistics company Sendy shut down after failing to raise fresh funding. Chipper Cash and Cellulant conducted layoffs due to the cash crunch.
