South African Startup, SweepSouth, has revealed that it is quitting its Nigerian operation effective November 25, 2022.
The cleaning service platform explained that its decision to leave Nigeria was due to unfavorable global macroeconomic development.
“Due to the unfavorable global macroeconomic environment, the home services industry continues to hit hard. This has meant that our business cannot sustainably operate due to economic pressures being faced at the moment.”
It however noted that it will keep attending to its Nigerian customers until Friday when it will shut down permanently.
SweepSouth is the second South African company to announce its exit from Nigeria in the past month. Last month, it was Game Store that announced its departure from Nigeria effective December 25, 2022.
Also: President Buhari To Launch New Naira Notes Tomorrow
SweepSouth Quitting Its Nigerian Operation Not An Easy Decision
The decision of the cleaning startup to leave Nigeria was not an easy one at all. According to them, they cannot continue operating in Nigeria.
To keep its customers abreast of their departure from Nigeria, it sent a notice stating that,
“This has been a difficult decision to make considering our passion to serve the Nigerian market. We know this decision will negatively impact our SweepSouth Community and SweepStars.”
While we will no longer be operating in Nigeria, we will continue to keep abreast of activities in the Nigerian market. It added it will continue to “work towards a potential re-entry into the market at a later date.”
After Departure, What Next?
The company will continue its operations in South Africa, and Egypt, where it acquired FilKhedma. FilKhedma is an online marketplace for home maintenance and improvement services. They provide services such as plumbing, carpentry, electricity, air conditioning, painting, and appliances.
What Do We Know About The Startup
SweepSouth was founded by Aisha Pandor and her husband Alen Ribic in 2014. It is backed by over $15 million from Alitheia IDF and the Micheal and Susan Dell Foundation.
It takes over 40,000 bookings per month across its three markets – South Africa, Kenya, and Egypt.
Follow techkudi.com for fintech news
