🔴 LIVE — Updated every 10 minutes
👤 -- reading now 🌡 Nairobi
Breaking
HomeTechnologyTechstars-backed fintech Chimoney shuts down, to…
Technology

Techstars-backed fintech Chimoney shuts down, to refund customer balances

TechCabal · May 13, 2026 at 12:36 · 6h ago
Techstars-backed fintech Chimoney shuts down, to refund customer balances
Image: TechCabal
📋 Summary 52 words
In a May 1 email seen by TechCabal, the Canada-based startup told customers it had stopped processing new transactions and integrations and had begun refunding customer balances.  In a May 1 email seen by TechCabal, the Canada-based startup told customers it had stopped processing new transactions and integrations and had begun refunding customer balances. 
AI-assisted summary. Read the full story below for complete details.
Continue Reading
Full story on TechCabal
Read Full Article →
You are leaving Masaa and going to techcabal.com
Share: WhatsApp X/Twitter Facebook
👁 People Also Read
KE
Kenya targets Visa, Mastercard, Microsoft in sweeping digital tax overhaul
Technology

Kenya targets Visa, Mastercard, Microsoft in sweeping digital tax overhaul

New tax proposal could raise the cost of cross-border technology services in Kenya, with implications for banks, fintechs, and startups.

Read
KE
Bolt hikes fares by 6% in Kenya as rising fuel costs hit drivers
Technology

Bolt hikes fares by 6% in Kenya as rising fuel costs hit drivers

The fare increase, announced on Tuesday in Nairobi, makes Bolt one of the first major ride-hailing firms in Kenya to…

Read
KE
Kenya’s Finance Bill 2026 could compel crypto platforms to identify wallet owners
Technology

Kenya’s Finance Bill 2026 could compel crypto platforms to identify wallet owners

Under amendments to the Finance Bill 2026,  virtual asset service providers would be required to file annual returns with the…

Read
KE
Kenya’s proposed phone tax could raise smartphone prices sharply
Technology

Kenya’s proposed phone tax could raise smartphone prices sharply

Kenya plans to introduce a 25% excise duty on mobile phones, a move that could raise prices in one of…

Read