/Graveyard/Sesacash

Sesacash logo

Sesacash

Multi-currency blockchain wallet for africa

🇬🇭 Ghana🇳🇬 NigeriaCrypto & Web3Dormant

Epitaph

“Here lies Sesacash. It held twenty traditional and digital currencies in one wallet for Ghana and Nigeria and paid crypto cashback to win users, reaching a thousand of them. The blog stops dead on 13 April 2020. Its domain now spends someone else's money.”

Overview

Born
2018 (Year)
Died
April 2020 (Month)
Lifespan
2 years
Fate
Dormant
Headquarters
🇬🇭 Ghana
Category
Crypto & Web3, Fintech
Primary cause
Unknown

Death certificate

Death certificate for Sesacash

Timeline

  1. 2018Founded

    Blaise Bayuo co-founds Sesacash in Ghana

  2. April 2020Disrupt Africa profile

    the startup reports 1,000+ users across Ghana and Nigeria and crypto-cashback rewards funded partly by Telos community grants

  3. 2026Domain repurposed

    sesacash.com serves a differently branded payments/escrow product called JangoSend, with no visible Sesacash wallet

Autopsy report

Why did Sesacash shut down?

Sesacash was a Ghanaian fintech founded in 2018 and led by co-founder and CEO Blaise Bayuo. It ran a multi-currency blockchain wallet that let users in Ghana and Nigeria hold and move traditional and digital currencies, with cryptocurrency cashback as its acquisition hook. No published reporting was found on whether, when or why the company stopped operating.

What Sesacash attempted

A blockchain-based wallet supporting up to 20 traditional and digital currencies, allowing users to store, send and spend funds, with a planned 'Sesa' debit card for spending crypto and African currencies. Revenue came from transaction fees. The company had pivoted from running a crypto exchange to addressing broader payment problems, particularly the cost of cross-border payments for African SMEs, and used a token economy of crypto cashback rewards plus an affiliate referral programme to drive adoption.

What worked

Reported over 1,000 users growing organically as of April 2020, operating in Ghana and Nigeria. Received roughly $100,000 in liquidity support from trustees and grant awards from the Telos blockchain community. Profiled by Disrupt Africa in April 2020.

What happened

The company's Medium account (@sesacash) holds exactly ten posts, running from 13 December 2019 to 13 April 2020, and stops dead there: the last being a partnership announcement with P2P trading platform CryptoLocally. Despite a 29 March 2020 post headlined "Get the All-new Sesacash App", no Sesacash app exists on APKPure or Google Play today. The Internet Archive's latest HTTP 200 capture of sesacash.com is 27 May 2022, and the domain now serves an entirely different product, JangoSend, a GHSC-stablecoin escrow/payments page carrying no Sesacash branding.

Lessons for future builders

  • Paying users in tokens to sign up buys registrations, not habits, and a thousand users after two years said which of the two Sesacash had bought. When a company's blog stops mid-partnership, the runway usually ran out before the story did.

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Sources

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