Nigerian Fintech Startup Chimoney Shuts Down Operations Over Funding Crunch

Tekedia | 15-05-2026 10:17am |

Chimoney, a Nigerian fintech startup known for its unified API facilitating cross-border payments in 41 currencies, has officially ceased operations due to insufficient funding. The company communicated this decision to its customers via email, indicating that it has halted all new transactions and integrations. Additionally, Chimoney has initiated the process of refunding customer balances as part of its shutdown procedure.

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