Others

Nigerian B2B e-commerce startup Alerzo cuts 15% of full-time staff in second round of layoffs

March 6, 2023

Alerzo, a Nigerian B2B e-commerce platform that digitizes commerce and payments processes between FMCG suppliers and informal retailers, has laid off 15% of its full-time workforce, the company confirmed to TechCrunch. This is the company’s second round of layoffs in seven months. As a first-party e-commerce business, Alerzo had a headcount of more than 2,000 […]

Nigerian B2B e-commerce startup Alerzo cuts 15% of full-time staff in second round of layoffs by Tage Kene-Okafor originally published on TechCrunch

Alleged security breach leaves millions of dollars missing from Flutterwave accounts

March 6, 2023

Last month, Flutterwave, Africa’s largest startup by private valuation, was involved in a hack that resulted in over ₦2.9 billion (~$4.2 million) missing from its accounts, according to local tech publication Techpoint Africa. According to the documents seen by the publication and reviewed by TechCrunch, unknown actors transferred the funds across 28 accounts in 63 transactions […]

Alleged security breach leaves millions of dollars missing from Flutterwave accounts by Tage Kene-Okafor originally published on TechCrunch