Dash, a fintech startup in Africa's digital wallets industry, laid off most of its staff in early October 2023 as the company began winding down operations. The layoffs affected over 70 employees, representing nearly the entire workforce, following months of internal uncertainty. This drastic move came after Dash raised over $80 million in venture capital but ultimately failed to sustain its business model, leading to its unraveling and leaving stakeholders bewildered by the rapid decline.
