Lazerpay Layoffs
April 2023
Lazerpay announced a layoff affecting 0 employees (100% of its workforce) in April 2023. The company operates in the Crypto sector.
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100%
Apr 13, 2023
About
Nigerian crypto payments startup Lazerpay has ceased operations and shut down entirely as of April 13, 2023, after failing to secure necessary funding. This follows layoffs announced in November 2022. The company, which was launched in 2021 to help businesses accept stablecoin payments, had onboarded over 3,000 businesses and processed over $1 million in transactions. Founder Emmanuel Njoku stated the difficult decision was unavoidable despite the team's efforts. Lazerpay is now advising merchants to withdraw their funds by April 30, 2023, and is open to offers from companies interested in purchasing its intellectual property.
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