Article

Zap Africa, a Nigerian cryptocurrency startup, cut 44% of its workforce in February 2026, part of a restructuring to align costs with revenue. The layoffs began in December 2025 and affected roles in design, operations, marketing, and support.

The startup, which was founded in 2023, has shifted to automation, integrating AI tools into its customer support. Zap Africa continues to operate with 10 employees and maintains ongoing product development.

The company reported processing over $17 million in transactions, with monthly revenue of approximately $100,000. The restructuring reflects challenges faced by crypto startups amid a prolonged market downturn.