Intelligence Lab
Predict the next failure before it happens.
We've turned the data from Collect Africa into a stress-test model. Simulate this deal's risk profile in our new Laboratory.
Run a Pre-Mortem
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
- Last Funding Round:
- 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 AutospendSubscribe to our newsletter
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