Business Day - Fast shutdown: Lessons for Nigerian tech start-ups raising funding

With the recent Shutdown of Fast, a US-based start-up that provided online checkout products, after closing a fund raise of $120 million dollars, experts in the Nigerian tech space have explained why a company will fail after raising such an amount.

Fast announced the shutdown recently in April, 2022, relating it to slow growth and precluded fundraising options.

Many Nigerian start-ups are raising funding experts have highlighted possible precautions to ensure continuity after fundraising.

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