E14 (6/2/23): Patricia Hack, Crisis at Healthlane, Nestcoin's pivot to Onboard, CBN sanctions Fintech

These past few weeks have been quite a rollercoaster ride! Let's dive into the action-packed highlights we covered. Brace yourself! First on the list, Patricia, a Nigerian-based crypto trading platform, got hacked! And guess what? They lost a whopping $2 million of their customers' hard-earned cash. Ouch! But wait, there's more! Nestcoin, a blockchain company specializing in cross-border payments, made a mind-boggling announcement. They decided to shake things up by pivoting their entire business strategy to Onboard. Why, you ask? Well, it turns out they took quite a hit from the FTX collapse and needed to make a major comeback. Next, the Central Bank of Nigeria (CBN) revoked the licenses of 132 micro-finance banks as they attempt to crack down on the fintech space and cover the loopholes. Lastly we dove into the gripping saga of Healthlane. A debt-ridden company with a shaky balance sheet, and to top it all off, a serious lack of transparency towards its customers. But here's the juiciest part: insiders are buzzing with speculation that the CEO, Alain Nteff, might just be cooking up a brand new venture. What could it be? You can follow Squord on Twitter, Instagram, LinkedIn, join our community on our website or email us at [email protected]