| Founded | 2020 |
|---|---|
| Closed | 2022 |
| Country | Ethiopia |
| Sector | Fintech |
| Collapse type | Sudden Collapse |
Soma Pay
"The Tigray conflict didn't just destroy lives — it wiped out Soma Pay's entire client base."
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Soma Pay was a Addis Ababa-based startup offering mobile payroll solutions to Ethiopian factory and manufacturing workers, aiming to reduce cash-based salary distribution.
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