A Nigerian fintech company that suffered significant losses in crypto assets due to a security breach.
The name that froze a funding round: Inside Zap Africa’s trademark battle with Paystack
Zap Africa crossed 50,000 users for their non-custodial crypto exchange. The company was in talks to close a crucial seed funding round when the deal froze due to issues with Paystack.
Patricia denies having physical offices, confirms offer to customers to convert debt tokens to company shares
Patricia denies having physical offices in Nigeria and operates with a fully remote structure. The company lost $2 million to a hack and has faced skepticism from customers.
👨🏿🚀TechCabal Daily – Amazon comes to South Africa
Crypto exchange Patricia is urging its customers to convert their owed funds into company shares as a last resort. Amazon is set to launch its online shopping service in South Africa in 2024, becoming the second African country to host a locally-dedicated Amazon website.
