🌍💔 Despite previous funding success, Zazuu cites funding difficulties as the reason for its closure. The fintech, with users across North America and Europe, aimed to revolutionize cross-border payments but faced insurmountable challenges. #FintechNews #ZazuuShutdown
- Zazuu failed to secure a growth funding round, leading to the challenging decision to close its operations.
- Despite raising $2 million last year, the fintech struggled to expand its Pay with Zazuu feature beyond the U.K. to Nigeria and Ghana.
- Zazuu, once a simple chatbot, evolved into an FCA-licensed organization with users across eight countries before facing closure.
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