| Founded | 2018 |
|---|---|
| Closed | 2023 |
| Country | Ethiopia |
| Sector | Fintech |
| Collapse type | Regulatory Kill |
Hibret Pay
"Ethiopia's mobile money startup was shut when the National Bank mandated Telebirr exclusivity"
Forced closure by regulatory action
Key Events Timeline
Hibret Pay built an independent mobile money and payment platform in Ethiopia, targeting Addis Ababa's growing middle class and informal merchants with QR payments and P2P transfers.
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