Breaking: 54 Collective to cut jobs as Mastercard Foundation partnership ends

54 Collective, the venture firm formerly known as Founders Factory Africa, will shut down its venture studio operations in Africa after its partnership with the Mastercard Foundation ends on April 30, 2025. The move is expected to trigger layoffs, according to an internal communication seen by TechCabal.

The Mastercard Foundation’s funding has played a central role in 54 Collective’s…