Alerzo
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Last year was a tough period for African growth-stage startups and 2024 presents a mixed bag
Last year presented a tough period for African tech startups. Venture capital was hard to bag (as predicted earlier), bridge and down rounds became the norm, and news of fire sales, layoffs and startup closures reverberated across the continent. With the overall amount of VC funding raised in Africa dipping significantly across the year, according…
12:12 am PST • January 5, 2024
Commerce
Nigerian B2B e-commerce startup Alerzo cuts 15% of full-time staff in second round of layoffs
2:33 am PST • March 6, 2023
Alerzo, a Nigerian B2B e-commerce platform that digitizes commerce and payments processes between FMCG suppliers and informal retailers, has laid off 15% of its full-time workforce, the company confirmed to…
Startups
Alerzo raises $10.5M Series A to bring Nigeria’s informal retail sector online
12:11 am PDT • August 20, 2021
The process of digitizing the operations of mom and pop stores in Nigeria is serious business right now. In fact, it might be the second-best thing after fintech at the…