Exclusive: Thepeer returns $357,000 as investors move on from demands for an audit
Thepeer shut down in April 2024 and returned $357,960 to investors in June. The startup raised $2.1 million in a June 2022 seed round but had only $450,000 left when it shut down.
Next Wave: How investor activity changed after 2022
A surge in startup funding in Africa's tech ecosystem in 2021 fueled by foreign capital and a low-interest rate environment. Major investors like Tiger Global and SoftBank pulled back due to rising interest rates and geopolitical tensions.
OPay Secures Court Approval to Freeze Accounts After ₦714 Million Discrepancy
Chinese-owned fintech behemoth OPay has been granted permission to freeze customer accounts across thirty banks. OPay is trying to retrieve ₦714 million that was mistakenly credited to customers due to a system malfunction.
Which fintechs are taking on Africa's $58 billion remittance market?
OPay glitch leads to customers spending money not in their account NALA raises $40 million in a Series A round
