Failed 2024

    Thepeer

    Lagos B2B fintech-API startup Thepeer shut down in April 2024 after failing to find sufficient adoption — a transparent founder post-mortem.

    Founded → Closed

    2021 → 2024

    Funding Raised

    $2.6M

    Industry

    Fintech/API

    Country

    Nigeria

    Full Analysis

    Lagos-based Thepeer built APIs for African fintechs to share user balances. After raising US$2.6M, founders Chike Ononye and Michael Okoh published a candid shutdown post in April 2024 noting they had failed to find sufficient adoption and would return remaining capital to investors. A model African shutdown post-mortem.

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