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Bitcoin.com

2022-12-10 09:30:06

Report: Chipper Cash Valuation Dropped to $1.25 Billion After it Secured Additional Funding From FTX

Report: Chipper Cash Valuation Dropped to $1.25 Billion After it Secured Additional Funding From FTX

After Chipper Cash ended 2021 as one of Africa’s most valued fintechs, the FTX-backed startup’s valuation dropped from $2 billion to $1.25 billion after it reportedly received a $35 million simple agreement for future equity (SAFE) grant from the now-collapsed crypto exchange FTX. Chipper Cash has also reportedly laid off 50 employees as it seeks

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