Early-stage fintech startups cannot secure venture capital funding to survive

Early-stage fintech founders in emerging markets like Nigeria are unable to raise venture capital, forcing them to shut down operations despite having viable products and market traction. Current fundraising channels are drying up for pre-Series A startups, leaving founders with no path to scale or sustain operations. This creates a critical cash flow crisis where promising companies die not from lack of product-market fit, but from inability to access growth capital.