Failed 2023

    Vibra

    Nigerian crypto-exchange Vibra shut down in 2023, another casualty of the African crypto regulatory crackdown.

    Founded → Closed

    2021 → 2023

    Funding Raised

    $6M

    Industry

    Crypto/Exchange

    Country

    Nigeria

    Full Analysis

    Lagos-based Vibra was a Nigerian-targeted retail crypto exchange. After raising ~US$6M, the 2022-23 crypto winter and Nigerian regulatory restrictions on crypto banking made the business unviable. Vibra shut down in 2023.

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