Nigerian fintech Gigbanc winds down operations citing fundraising struggles, pursues acquisition

Gigbanc, a Nigerian fintech that built cross-border payment solutions for freelancers, creators, remote workers, and businesses, is winding down its operations after three years, citing a tough fundraising climate. Although the startup did not disclose details of its fundraising efforts, it told TechCabal it is in acquisition talks with an undisclosed Nigerian fintech infrastructure provider. The company said customers have until July 31 to convert their balances to naira and withdraw non-fraudu