BlackCopper’s Digital Lending Woes Leave Investors Facing ₦1 Billion Debt
BlackCopper, a Nigerian digital lending startup backed by Techstars, has found itself mired in debt, owing investors over ₦1 billion after failing to recover loans from customers. Founded in 2020 with the promise of providing collateral-free loans to small and medium businesses, the startup quickly ran into trouble, with over 60,000 disbursed loans largely unrecovered. […]
