Thepeer Sunset

April 1st holds significant meaning for us. Is it a day of playful pranks, or a nod to our founding date? Perhaps a subtle homage to Apple's beginnings. Yet, regrettably, it also marks the sunset of our journey.

We embarked on a mission to create something unprecedented, a unique method for transferring money between digital wallets and making payments for goods and services directly from these wallets. Yet, we soon realized that exceptional technology alone wasn't sufficient.

Our unique service had its challenges, the first being compliance issues that hindered us from launching key wallet providers or maintaining their services. Additionally, the overall acceptance of wallets as a viable payment option didn't grow as rapidly as we had hoped, this meant we had to spend a lot of time and resources educating people about what we do.

Faced with these challenges, we needed to make a key decision either to do a hard pivot, an M&A or return capital to investors. After carefully weighing our options, we decided that returning the remaining capital to investors was the best decision.

We could not align our product with the market's needs at our current size and scale. What does this mean for our customers? Thepeer will be placed on maintenance mode for the interim. We'll work to maintain the platform for as long as possible until we discover a new home for it.

A big thank you to our customers, employees past and present, our investors, the tech community and everyone who believed in us and contributed to our journey.

In our bid to chase the stars, we must realign and focus on what matters.

Love,

Trojan and Chike