• A Nigerian crypto-based fintech shuts down after unsuccessful fundraising attempts.
• The company is offering to sell its IP to interested companies.
• Merchants are advised to withdraw funds from the platform before April 30, 2023.

Lazerpay, one of Africa’s fastest-growing crypto-based fintech solutions, is shutting down its business operation. In a letter to stakeholders on Thursday, the CEO, Njoku Emmanuel, said Lazerpay ceased operation after multiple fruitless efforts to raise funds for the business’s survival.

“We were unable to close a successful fundraising round,” Emmanuel explained to stakeholders. He said, “We fight hard to keep the lights on as long as possible, but unfortunately, we are now at a point where we need to shut down.”

Furthermore, Lazerpay offers to sell its Internet Protocol (IP) to companies interested in building on the future of crypto payments. The company expressed willingness to show how the technology works from the inside and how to integrate it.

The firm promised to resolve all outstanding matters before the disruption, and merchants are…

The post Nigerian Crypto Firm Lazerpay Closes Due to Lack of Fund appeared first on Coin Edition.

• A Nigerian crypto-based fintech shuts down after unsuccessful fundraising attempts.
• The company is offering to sell its IP to interested companies.
• Merchants are advised to withdraw funds from the platform before April 30, 2023.

Lazerpay, one of Africa’s fastest-growing crypto-based fintech solutions, is shutting down its business operation. In a letter to stakeholders on Thursday, the CEO, Njoku Emmanuel, said Lazerpay ceased operation after multiple fruitless efforts to raise funds for the business’s survival.

“We were unable to close a successful fundraising round,” Emmanuel explained to stakeholders. He said, “We fight hard to keep the lights on as long as possible, but unfortunately, we are now at a point where we need to shut down.”

Furthermore, Lazerpay offers to sell its Internet Protocol (IP) to companies interested in building on the future of crypto payments. The company expressed willingness to show how the technology works from the inside and how to integrate it.

The firm promised to resolve all outstanding matters before the disruption, and merchants are…

The post Nigerian Crypto Firm Lazerpay Closes Due to Lack of Fund appeared first on Coin Edition.