1. PixelPlaygroundHome
  2. Metaverse Insights

African Payment Platform Chipper Cash Weighs Options Including Sale or Finding New Investors

• Metaverse Insights • 121 views

African Payment Platform Chipper Cash Weighs Options Including Sale or Finding New Investors

It is reported that the source revealed that the African cross-border payment platform Chipper Cash, supported by the Silicon Valley Bank (SVB) and the Cryptocurrency Exchange FTX, is weighing various options, including exploring the sale or finding new investors. Chipper Cash received a US $250 million financing led by FTX and SVB in 2021. FTX invested a total of US $40 million in it, and SVB owned 2% of its equity. At that time, its valuation was about US $2 billion. (Bloomberg)

Chipper Cash is considering selling and has been invested by Silicon Valley Bank and FTX

Analysis based on this information:


Chipper Cash, the cross-border African payment platform, is reportedly exploring a range of options, including a potential sale or finding new investors. The company has been supported by the Silicon Valley Bank (SVB) and the Cryptocurrency Exchange FTX, who led a $250 million financing round in 2021. FTX invested a total of $40 million in the platform, while SVB owns 2% of its equity. At the time of the financing, Chipper Cash’s valuation was approximately $2 billion.

The potential move by Chipper Cash to explore different options comes as the company seeks to expand its presence in the fast-growing African payments space. In recent years, there has been a surge of interest from investors and fintech companies looking to take advantage of the opportunities presented by the continent’s largely underbanked population. Chipper Cash has positioned itself as a leader in the space, offering mobile-based payment services that allow users to send and receive money across borders without the need for a bank account.

The decision to explore a sale or find new investors is likely to be driven by a number of factors. For one, Chipper Cash may be seeking to raise additional capital to fund its expansion plans. The company may also be looking to cash in on the current wave of interest in African fintech companies, which has seen a number of startups achieve significant valuations.

However, there are also risks associated with the move. A sale or finding a new investor could result in changes to the company’s leadership, which may impact its growth prospects. Additionally, there is no guarantee that a buyer or investor will be found, and the process of seeking one out could be time-consuming and costly.

In summary, Chipper Cash’s potential exploration of different options, including a sale or finding new investors, signifies a growing interest in the African payments space. While the move could result in additional capital to fund the company’s expansion plans, it also comes with risks and uncertainties. Nonetheless, with the support of the Silicon Valley Bank and Cryptocurrency Exchange, Chipper Cash remains well-positioned to take advantage of the growing demand for fintech solutions on the African continent.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/7129/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/15/2023 23:44
Next 03/16/2023 00:15

Recommended articles