Lazerpay
Nigerian crypto-payments startup Lazerpay shut down after a year, a representative case of African crypto startups hit by both crypto winter and Nigerian regulatory crackdowns.
2021 → 2023
$1.1M
Crypto/Payments
Nigeria
Full Analysis
Lagos-based Lazerpay let merchants accept stablecoin payments in Africa. After raising ~US$1.1M including from Y Combinator (W22), the company failed to close a seed extension during the 2022-23 crypto winter and was further hampered by Nigerian central bank crypto restrictions. Founder Njoku Emmanuel publicly announced shutdown in April 2023. A representative African crypto-startup case.
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