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Inside the Lazerpay Shutdown: A Conversation with Njoku Emmanuel
Manage episode 364289575 series 3461586
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In today's episode, we welcome Lazerpay’s Njoku Emmanuel to the show.
In April 2023, Lazerpay announced that it would be shutting its doors in April of 2023. The startup, which was founded at the height of the crypto bull market in 2021, and to much fanfare Njoku who was just 19 years old at the time, promised to bring seamless crypto payments to Africa.
But since it shut down, a lot has been said in the ecosystem about the company and its shortcomings, so we wanted to get the story directly from Njoku himself.
00:00 - Intro
02:49 - Lazerpay's founding story.
05:51 - Pre-seed round, headcount growth, initial traction.
09:12 - Bear market impact.
14:59 - The issue of Njoku's age.
19:55 - Building with transparency.
22:57 - On the decision to shutdown.
34:48 - Njoku's lessons.
40:56 - The future of crypto in Africa.
42:18 - What's next?
crypto@scale is sponsored by Ripple.
Across Africa, Ripple is partnering with local financial institutions and fintechs to bring the benefits of better cross-border remittances to the region. To learn more and get in contact with the Ripple team, head over to ripple.com.
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