A fintech startup that provided cross-border payment infrastructure for businesses, enabling transactions in multiple currencies.
Nigerian fintech Gigbanc winds down operations citing fundraising struggles, pursues acquisition
Gigbanc is ceasing operations after three years due to tough fundraising conditions. The startup is in acquisition talks with an undisclosed Nigerian fintech infrastructure provider.
Fintech Chimoney to be acquired four weeks after announcing shutdown
Chimoney announced its shutdown in May due to insufficient capital. Chi Technologies Inc. signed an acquisition agreement with CapitalSage Vantage Limited.
Techstars-backed fintech Chimoney shuts down, to refund customer balances
Chimoney has shut down operations, citing a lack of capital to sustain its business. The company stopped processing new transactions and began refunding customer balances as of May 1, 2026.
Seamless Cross-Border Payments Across 130+ Countries
Partnership between Interledger Foundation and Chimoney. Enables cross-border payments in over 130 countries.
