Nigerian Crypto Startup Lazerpay Shuts Down Due to Funding Woes

Coingabbar15 Apr, 2023Business

Nigerian crypto firm Lazerpay shuts down due to funding shortage, CEO Emmanuel Njoku announces. Lazerpay, a Nigerian crypto and Web3 company, has announced its shutdown after failing to raise funds in a recent funding round, according to a statement released by its CEO, Emmanuel Njoku, on April 13. The decision to shut down comes after months of struggling to secure funding, including layoffs in November 2022 due to a lead investor pulling out.