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Capiter layoffs — September 9, 2022

Capiter, a finance company based in Egypt, announced a round of layoffs on September 9, 2022. At the time, the company was at the Series A stage. The layoff was reported by this source.

Company
Capiter
Employees laid off
Not disclosed
Date
September 9, 2022
Industry
Finance
Country
Egypt
Company stage
Series A
Total raised (pre-layoff)
$33M

Source: https://techcrunch.com/2022/09/09/founders-of-well-funded-egyptian-b2b-startup-capiter-fired-following-fraud-allegations/

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