Technoloty News : In the wake of Dash’s closure due to fraud, 5 investors talk due diligence in Africa

Bytechfunlife

It’s been a tough year for tech startups globally. These struggles have manifested in layoffs, down rounds and complete shutdowns caused by current market conditions, utter mismanagement or fraud. This August, SoftBank sued one of its portfolio companies, IRL, a social media platform poised to become an event organizing alternative for Gen Zs, for fraud. Earlier…

Technoloty News : Dash CEO placed on ‘indefinite administrative leave’ as the Insight-backed startup carries out financial audit .
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Technoloty News : Dash CEO placed on ‘indefinite administrative leave’ as the Insight-backed startup carries out financial audit .

Bytechfunlife

Prince Boakye Boampong, the founder and CEO of Dash, which provides an alternative payment network with connected wallets allowing interaction between mobile money and bank accounts in Africa, has allegedly been temporarily suspended pending an investigation into financial impropriety, according to people with direct knowledge of the situation. Boampong founded the Ghanaian fintech in 2019…