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Thepeer founders face scrutiny as they plan to return $350,000 to investors
Thepeer, an API startup focused on connecting business wallets, shut down in April 2024. While the company announced plans to return $350,000 of the funds raised to investors, questions regarding its financial management have emerged.
For starters, two investors suspect discrepancies in Thepeer’s finances after a November investor report showed a lower-than-expected bank balance of $450,000. The investors requested an audit in March 2024, and asked for more details on its cap table before the company shut down.
Sidebar: A cap table is a document that details ownership in a company. It lists all the securities or…
Timi Odueso
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https://techcabal.com/2024/04/24/techcabal-daily-kenya-to-regulate-crypto-trading/
