Confirmed: Zoto has shut down operations in Nigeria

by | Aug 20, 2018

Mobile recharge and payment solutions platform, Zoto has been off the radar for quite a while now. Zoto’s problems appear to have started in May 2018, which is when users began complaining about their inability to transact on the app, some of them even losing money in the process.

zoto comments

Zoto users air their frustrations via the Google Play store review section

These complaints were met with an unusual silence from Zoto customer care; the official Twitter and Facebook pages have not posted since June. The only semblance of communication came in July — a rather inconclusive notice within the app that read: “App is temporarily not available. More updates coming to you soon”.

Zoto app 2
Amidst all the speculation about the state of the startup, we have reliable confirmation that Zoto has indeed shut down operations in Nigeria. All staff have been let go and co-founder Oshone Emmanuel Ikazoboh has moved on to other things.

According to another conflicting source close to the matter however, Zoto is not gone for good. The plan is to restructure the company, perhaps towards a possible comeback in the future. That remains to be seen.

Zoto launched in 2015 originally ​as a mobile​ ​airtime recharge app and, over the years, claimed to have grown its user base to over 1 million users.

Múyìwá Mátùlúkò
Múyìwá Mátùlúkò

Chief Servant. I bully myself because I make me do what I put my mind to.

Advertisement

On January 22, 2022, be part of the largest gathering of innovators, startup founders, thinkers, programmers, policymakers, and investors in West Africa. Register free.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

Uber’s bet on ‘Okada’

Uber’s bet on ‘Okada’

Today on #TechpointDigest, @nifemeah discusses Uber’s launching its motorbike hailing service, UberMoto, in Ibadan.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Crypto Explorer

A monthly series featuring in-depth analysis on the cryptocurrency sector in Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap