A financial technology startup in Africa that offers digital banking solutions tailored for businesses and individuals.
12 African startups and tech companies that cut workforce in 2025
Metro Africa Xpress (MAX) laid off about 150 employees, roughly 30% of its workforce, to pivot towards financing electric vehicles. 54 Collective announced layoffs after ending its partnership with the Mastercard Foundation due to a lack of alternative funding.
African tech doesn’t need more strongmen
The culture of strongmen in African tech mirrors the political history of the continent, leading to centralized and personality-driven startups. Strongman leadership often results in talent leaving due to a lack of creativity and initiative, as well as disengagement from investors.
Bento CEO resigns again, amid tax, pension probe
Ebun Okubanjo resigned from Bento after investigations into tax and pension payment failures. He relinquished his equity and debt in the company as part of his resignation.
HR Startup Bento Africa Pauses Transactions as CEO Resigns Amid Tax Scandal
Ebun Okunbanjo resigns as CEO of Bento. Bento pauses transactions due to leadership changes.
Bento faces investigation over allegations of financial impropriety
LIRS and EFCC have initiated investigations into Bento for tax and pension payment failures. High-profile clients including Moniepoint, Paystack, Kobo360, and Bamboo have abandoned Bento.
