Zazuu, a U.K.-based fintech startup focused on African cross-border payments, has shut down in November 2023 after failing to secure additional growth funding. The closure resulted in the layoff of its entire team, though the exact number of employees affected was not disclosed. Founded in 2018, the company had evolved from a simple rate-comparison chatbot to an FCA-licensed service with nearly 100,000 users across eight countries. Despite raising $2 million in 2022 to expand its platform and hire talent, Zazuu was unable to sustain operations without further investment, ultimately leading to its dissolution in the competitive fintech industry.
