Collect Africa logo

Collect Africa

Simplify payments for SMEs

Category:
Fintech
Country:
Nigeria
Founded:
2021
Cause of Failure:
Shutdown to make way for new venture
Outcome:
Shutdown
Shut Down in:
August 2025

Founders:
Abraham Ojes, Adewale Martins
Number of Founders:
2
Number of Employees:
11-50
Funding Amount:
$135.00 K
Funding Rounds:
Pre-seed
Notable Investors:
Ajim Capital, GreenHouse Lab accelerator

About Collect Africa

A payments platform that helped merchants manage financial operations. Collect Africa built tools to help small and medium-sized businesses accept payments across bank transfers, POS terminals, QR codes, payment links, and direct debits, all through a single dashboard.

What went wrong?

The company decided to pivot its focus towards a new venture centered around Stablecoin payments, leading to the shutdown of the original platform.

Continue reading

Collect Africa shuts down to make way for Stablecoin-focused Autospend

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