On Thursday, the CEO of Nigerian crypto-based fintech company Lazerpay, Njoku Emmanuel said, Lazerpay ceased operations after multiple futile efforts to raise funds for the business’s survival, He made this known In a statement issued via its official Twitter handle.
Lazerpay Founder and CEO Emmanuel Njoku, in a tweet, said : “Today, we announce the difficult decision to cease operations at Lazerpay. Despite our team’s tireless efforts to secure the necessary funding to keep Lazerpay going, we were unable to close a successful fundraising round.
“We fought hard to keep the lights on as long as possible, but unfortunately, we are now at a point where we need to shut down.” Reports show that Njoku promised to resolve all outstanding matters before the disruption, and merchants were advised to withdraw their funds from the platform before April 30, 2023. He has also put the company’s IP address (Internet Protocol) up for sale.