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Senegal Startup Failures — 8 Autopsies | UnicornBurn

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// STARTUP AUTOPSIES · COUNTRY

Startup Failures in Senegal

8 startup autopsies from Senegal. Each includes the exact cause of failure, verified financial data, and the documented failure pattern.

8 autopsies · newest deaths first

MaTontine

fintechSenegal2022

Digitizing tontines couldn't fix the default rates eating the business alive.

Slow Death

SenPay

Senegalese digital payments startup crushed by Orange Money's 80% mobile money market share

Slow Death

Waxal

Dakar's merchant payment platform couldn't differentiate from Orange Money's merchant tools

Slow Death

Orange Money West Africa Exit

Telco mobile money giant retreated as fintech specialists undercut on every dimension

Market Exit

Wutiko

Senegal job platform found the market too small to sustain growth

Slow Death

DakarAI

Senegal's NLP startup that built the world's best Wolof AI for a market that didn't exist yet

Slow Death

Jumia Senegal

ecommerceSenegal

Jumia exited Senegal proving West African ecommerce economics were brutal

Market Exit

SenegalFin

Senegal fintech: Orange Money (65% market, 6M+) and Wave ($200M raised, zero-fee transfers) entered simultaneously, with BCEAO licensing favoring French bilateral partners

Slow Death

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// BY SECTOR

fintech hrtech ai ecommerce

// BY CAUSE

Unit Economics Competition market-size