Existing Investors Face Losses as Fluidcoins Sells to Blockfinex Amid Funding Crisis
The recent sale of Nigerian crypto startup Fluidcoins to UAE-based Blockfinex has left existing investors grappling with the reality of a fire sale that saw them exit with no returns. Fluidcoins CEO Lanre Adenowo revealed in an investor update that the startup faced a severe cash shortfall, with a $30,000 deficit on its Flip product, […]
UAE’s Blockfinex Acquires Nigerian Crypto Startup Fluidcoins Amid Funding Struggles
In a strategic acquisition, UAE-based crypto exchange Blockfinex has acquired Nigerian crypto payment gateway startup Fluidcoins, marking a significant move in Nigeria’s crypto sector. The acquisition, confirmed by Blockfinex CEO Danny Oyekan, comes as Fluidcoins faced challenges in raising additional capital. Fluidcoins’ founding team will remain to advance its offerings under Blockfinex in what is […]
