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.
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.
