Nigerian Fintech Thepeer Shuts Down Amidst Compliance Challenges

By : Redaction

Date : mercredi, 03 avril 2024 10:59

Nigerian fintech firm Thepeer announced its closure in a statement released on April 1. “Our unique service had its challenges, the first being compliance issues [...]. Faced with these challenges, we needed to make a key decision either to do a hard pivot, an M&A, or return capital to investors. After carefully weighing our options, we decided that returning the remaining capital to investors was the best decision,” the start-up explained.

Founded in 2021, Thepeer has raised approximately $2.3 million, according to Crunchbase, to develop its technology and accelerate its growth.


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