10 African startups that have closed during the “funding winter”, and some that are battling on
Venture capital funding globally almost halved in the first six months of 2023. African tech startups raised just shy of US$500 million in Q3, down 48% compared to the previous year.
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
