Intelligence Lab
Predict the next failure before it happens.
We've turned the data from Bento Africa into a stress-test model. Simulate this deal's risk profile in our new Laboratory.
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Bento Africa
HR platform for businesses
- Category:
- HR
- Country:
- Nigeria
- Founded:
- 2017
- Cause of Failure:
- Compliance issues
- Outcome:
- Shutdown
- Shut Down in:
- February 2025
- Founders:
- Chidozie David Okonkwo, Ebun Okubajo
- Number of Founders:
- 2
- Number of Employees:
- 11-50
- Funding Amount:
- Unknown
- Last Funding Round:
- Seed
- Notable Investors:
- Resilience17
About Bento Africa
Bento aimed to help companies across Africa reimagine payroll, compliance, remittances, hiring, and employee management. The startup offered a platform that enabled businesses to manage their payroll, compliance, remittances, hiring, and employee management in one place.
What went wrong?
Bento Africa faced compliance issues that led to a temporary shutdown. This includes tax and pension irregularities, customers complaints and more. It was also reported that they let go of their engineering team.
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