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African Fintech Startup Financed by FTX, SVB Said to Weigh Sale

  • Chipper Cash said to be searching for buyer or new investors
  • SVB and FTX among Africa-focused fintech’s biggest investors
Chipper Cash, an Africa-focused fintech company, was backed by Silicon Valley Bank and cryptocurrency exchange FTX.

Chipper Cash, an Africa-focused fintech company, was backed by Silicon Valley Bank and cryptocurrency exchange FTX.

Source: Shutterstock

Chipper Cash, the Africa-focused fintech company that was backed by Silicon Valley Bank and cryptocurrency exchange FTX, is weighing options including exploring a sale or seeking new investors, people familiar with the matter said. 

The company began considering the options before SVB’s collapse last week, the people said, asking not to be identified because the discussions are private. No final decisions have been made and the company may decide against either one, they said.