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Nairaland Forum / Nairaland / General / Investment / Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years (22723 Views)
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Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by mt77: 9:21pm On Oct 06, 2023 |
Shame! |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by AfroKnight: 9:21pm On Oct 06, 2023 |
Didn’t they know what they were doing? I wouldn’t be surprised if they took too much risk. |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by sallazlee(m): 9:22pm On Oct 06, 2023 |
Alawọ dudu, afrika to like scam 1 Like |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by keeper303: 9:22pm On Oct 06, 2023 |
AllKnowing: Anything happening to Jumia? No wonder my refund of cancelled order has been hanging for almost two weeks 🙃 1 Like |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by dalaman: 9:23pm On Oct 06, 2023 |
Kingpele: American start up are also the same. Only 1 in 4 start ups succeed. Start ups are 80% scams. Even the venture capitalists that invest know its mostly a scam,but tthey go ahead to invest to promote the scam 4 Likes 1 Share |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by wanimo: 9:24pm On Oct 06, 2023 |
AllKnowing:yeah |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by dalaman: 9:24pm On Oct 06, 2023 |
keeper303: Jummia has been a disaster since its inception. The company has never made a profit. |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by 6ixVille: 9:27pm On Oct 06, 2023 |
Someone shld pls invest in my startup. i promise i wont be like boateng abi wetin be hin name. 1 Like |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by Stephench: 9:34pm On Oct 06, 2023 |
SoNature: So all the black people that built their businesses are what? Make una try get sense. Last year, an american owner of one of the largest crypto exchange was arrested for running his company aground and siphoning billions in customers funds and claiming bankruptcy. People like una no shout white people are useless 1 Like |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by Balos963: 9:37pm On Oct 06, 2023 |
The name of the start up sef is suspicious,dash 1 Like |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by Stephench: 9:37pm On Oct 06, 2023 |
vanitybutiwanti: 15k a month for CEO is not too much. Normally, some tech companies pay junior developers half of that amount |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by Stephench: 9:39pm On Oct 06, 2023 |
SoNature: So all these successful African start ups are what? Are they not Africans? Make una dey try dey get sense |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by vanitybutiwanti: 9:40pm On Oct 06, 2023 |
Stephench:$15K a month for a company that's not making money? You're clearly ignorant. Ideally, the CEO is supposed to earn the least salary in a start up. No company pays junior developers $15k a month, not even google or apple, you probably think $15k a month is small money 7 Likes 2 Shares |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by jaxxy(m): 9:41pm On Oct 06, 2023 |
hmmm |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by correctguy101(m): 9:42pm On Oct 06, 2023 |
Ah, Another successful ruse... Bankrupcy and scam tie the same wrapper.. If you know, you know.. |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by Stephench: 9:47pm On Oct 06, 2023 |
vanitybutiwanti: It's you that don't know anything. CEO is a position and he's also like an employee that can be sacked any moment. If they sack him, he'll lose out? If project managers, product managers, CTOs and other top management positions are earning up to 10k in a start up, the CEO can conveniently earn 15k as the top position. 1 Like |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by OkayDaddy: 9:48pm On Oct 06, 2023 |
TheBTCinvestor: Talk no dey your mouth. No be you them sack from Keystone Bank for fraud? 2 Likes |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by SoNature(m): 9:48pm On Oct 06, 2023 |
Stephench: Their finances are mostly managed by foreigners |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by omoadeleye(m): 9:48pm On Oct 06, 2023 |
AllKnowing: What has jumia got to do with this? |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by Mrbenny001: 9:48pm On Oct 06, 2023 |
Kingpele:100% correct, reason why today no working refineries, our education is not productive, we consume we don't invents, with all agriculture potential we still buy rice from India and Thailand our previous leaders did very poor jobs 1 Like |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by jojothaiv(m): 9:48pm On Oct 06, 2023 |
kajog:Especially the fintechs. correctguy101: |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by TheBTCinvestor: 9:49pm On Oct 06, 2023 |
OkayDaddy: Idiot..carry am go bank go collect money na. Bloody retard. Why was I not arrested or persecuted...mentally deranged lunatic |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by Stephench: 9:54pm On Oct 06, 2023 |
SoNature:Don't be silly |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by vanitybutiwanti: 9:55pm On Oct 06, 2023 |
Stephench:if you were an investor in one of these companies with a high burn rate, will you approve the payment of $15k salary as a board member in a company that was not making money. You are very ignorant, read founders at work by Jessica Livingston, she's the wife of the founder of y combinator. As a CEO of a company you believe in and have a huge stake in, ideally you're not supposed to earn up to that amount, gratification should be delayed, but knowing that's it's a scam and the company is bound to fail, many of this start up founders just blow investors funds in the air by earning humongous salaries, if you believe that your company is going to break even, considering that when you attain product market fit, you can sell a part or all your equity in the business for a princely sum, why apportion $15k or $50k to yourself every month as salaries, we don't even know about other hidden allowances. The whole idea behind building a successful business is sacrifice but you don't understand 10 Likes 1 Share |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by OkayDaddy: 9:55pm On Oct 06, 2023 |
PoliciaNLand: Tag Bitter Obi and Maggot Obi 1 Like 1 Share |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by nedekid: 10:00pm On Oct 06, 2023 |
Guyman has played them handicap, used the money to buy benz. 1 Like |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by IbileIfe: 10:05pm On Oct 06, 2023 |
I am not surprised. |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by Stephench: 10:05pm On Oct 06, 2023 |
vanitybutiwanti: You sound like a very poor man to think that 15k is such a huge amount and enough to ground a company that's raised millions of dollars. 15k isn't so much money for a CEO to receive if he so wishes. 50k on the other hand is on the high side. I know a lot about Y combinator and about start ups. I'm a software engineer that's studied product and project management and also working on start up products, there's nothing you can tell me about start ups as I have experience in the tech world 1 Like |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by vanitybutiwanti: 10:11pm On Oct 06, 2023 |
Stephench:Rich man, I put it to you that you've never earned 15k a month in your life, so because a company raised millions, the founders should blow the money away? You're not the only person in tech, you don't know anything about the tech you claim to have experience in. A company is not making money and there's even no clear path to making money, and you justify 15k a month salary, why won't the millions raised finish in a year with your yahoo mindset? 9 Likes 1 Share |
Re: Ghanaian Fintech, Dash, Shuts Down After Raising $86.1 Million In 5 Years by samsard(m): 10:13pm On Oct 06, 2023 |
Stephench:You're funny!! The primary goal for the CEO founder should be to grow the company into profitability, not taking huge salaries because he raised money that he can't replace. 3 Likes 1 Share |
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