Why startups fail: The overlooked role of people processes
12 startups shut down in Africa in 2024, with 25% due to people and operations-related challenges. 18 startups failed in the previous year due to lack of operational licenses and poor HR processes.
Debit Cards, Once A No-Brainer For Africa’s Hottest Fintechs, Turn Nightmare
Rise announces discontinuation of virtual card services by September 30, 2024. Carbon pulls the plug on its debit card operations earlier this year.
Exclusive: Payday to be acquired by BitMama after $3m funding round in February
Payday is in talks to be acquired by BitMama, a Nigerian crypto exchange startup. BitMama has offered PayDay investors $1 million worth of equity in the crypto company at a $30 million valuation.
