- Lazerpay, a Nigerian fintech startup that uses cryptocurrency, is shutting down its operations
- The CEO, Njoku Emmanuel, announced the closure and stated that the company was unable to secure enough funds
- Lazerpay is a two-year-old fintech company that accepts payments in stablecoins and allows merchants to convert their crypto to fiat currency
Nigerian crypto-based fintech company Lazerpay is shutting down operations after unsuccessful fundraising attempts.
In a statement issued via its official Twitter handle on Thursday, the CEO, Njoku Emmanuel, said Lazerpay ceased operations after multiple futile efforts to raise funds for the business’s survival.
