Next Wave: Unfortunately, startups that go into administration are basically dead
The administration of a startup often leads to the closure of the business due to financial obligations and the inability to repay creditors. Funding and market fit are identified as two major hurdles for startups, with a lack of financing and failure to conduct market research being common reasons
Zazuu, a payment marketplace for remittance services, has shut down
Zazuu, the fintech marketplace for cross-border payment networks in Africa, has shut down after failing to raise funding. The startup operated on the belief that a marketplace where customers could choose the cheapest remittance option could help lower prices by bringing transparency and increasing
