A leading technology media property, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.
E-Commerce Startup Sabi Lays Off 20% of Staff as It Shifts Focus to Global Commodity Trade
Sabi has laid off approximately 50 employees, representing 20% of its workforce. The startup is shifting its focus from retail services to exporting traceable, ethically sourced commodities.
After raising $38M, African e-commerce startup Sabi lays off 20%, pivots to traceable exports
Sabi laid off around 20% of its workforce, approximately 50 employees, as part of a restructuring effort. The company is pivoting from a retail-focused platform to a growing business in commodity exports.
Ivorian Fintech Djamo Raises $17M in Latest Funding Round
Djamo raised $17 million in its latest funding round, the largest for an Ivorian startup. The startup plans to expand its product suite for retail users and small businesses.
Vendease restructures employee salaries, seeks fresh funding
Vendease laid off 44% of its workforce, approximately 120 employees, in January. The company has shifted to a performance-based salary system with an Equity Share Option Plan (ESOP).
Kuda and CEO face allegations of sex discrimination and unfair dismissal from former executive, per filing
Rosemary Hewat filed a complaint against Kuda Technologies and CEO Babatunde Ogundeyi for sex discrimination and wrongful dismissal. Hewat claims she was forced out of her position after experiencing prolonged mistreatment and exclusion from critical strategy discussions.
