UPDATE 3 [October 6, 2017]: Efritin has shut down operations in Nigeria for good. Website functionality is no longer accessible and the app has been deleted from the Play Store.
UPDATE 2. Comments from Nils Hammer, CEO of Saltside Technologies (the Swedish-based parent company to Efritin). Read here.
UPDATE 1: A reliable source confirms that company property is currently being auctioned at the Efritin Lagos office. Notwithstanding, the Efritin website is still active and running. We will keep you posted on any related developments.
Original story below
Information reaching us yesterday suggested that online classifieds marketplace, Efritin was exiting the Nigerian market.
We originally got tipped off by an unexpected comment posted on an outdated article about Efritin.
On further investigation, we received confirmation of the exit from a reliable source. According to our source, who pleaded anonymity, operations indeed shut down officially yesterday. That’s about how much they revealed.
It is unclear exactly why this is happening, especially considering how much buzz the startup generated last year.
Efforts to reach out to Efritin management for comment proved abortive.
This is a developing story.
Nigerian startups raised a total funding of $9.2 million in Q1 2018. Download our report to find out more.