Nigerian wealthtech startup Cova, co-founded by Olu’yomi Ojo and Yomi Osamiluyi, is shutting down due to lack of traction.
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Despite raising $800,000 from investors, including Olumide Soyombo, the platform struggled to gain significant user base and faced challenges in deep integration and building trust.
Cova aimed to serve as a comprehensive asset management platform, offering subscriptions and enabling users to connect various financial accounts and track assets. The shutdown comes despite efforts to address user needs and trust issues.
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