• Latest
  • Trending
African fintech Chipper cash seeks buyer

African fintech Chipper cash seeks buyer

March 17, 2023
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
CBE seals deal with Botim to enhance remittance services for Ethiopians living in UAE

CBE seals deal with Botim to enhance remittance services for Ethiopians living in UAE

September 5, 2025
Nigeria Senate, SIBAN push for crypto regulation to boost digital economy

Nigeria Senate, SIBAN push for crypto regulation to boost digital economy

September 5, 2025
Mamo Mihretu Resigns as Governor of Ethiopia’s Central Bank

Mamo Mihretu Resigns as Governor of Ethiopia’s Central Bank

September 5, 2025
Paratus Group introduces first private mobile network using LTE and 5G in Namibia

Paratus Group introduces first private mobile network using LTE and 5G in Namibia

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

African fintech Chipper cash seeks buyer

Staff Writer by Staff Writer
March 17, 2023
141 9
0
African fintech Chipper cash seeks buyer
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

A recent report by Bloomberg affirms that ChipperCash, one of Africa’s more prominent fintech companies and unicorns, is reportedly considering selling the company or seeking new investors. 

Bloomberg said the conversations are private, but Chipper Cash debunked the information. Sources who spoke to Bloomberg claim the unicorn is assessing its options, with both another round of investment and a sale on the table.

Chipper Cash said in response to Bloomberg, “It’s been fairly common practise for us to receive numerous M&A approaches from different parties, which we evaluate to varying degrees.” Nonetheless, we have never sought acquisition.

After a $100 million Series B fundraising round led by struggling Silicon Valley Bank, the firm, which is one of Africa’s best-performing fintechs, was valued at $2 billion in late 2021. (SVB). The business was also backed by FTX, a crypto trading firm that shut down amid a withdrawal scandal.

RelatedPosts

Ripple and Chipper Cash partner to expand cross-border payments in Africa

Ripple partners with Chipper Cash to drive crypto payments in Africa

Chipper Cash expands operations with Ghanaian brokerage license

Read also: Chipper Cash to acquire Zambian Zoona

Chipper cash assures that customers’ activities are not affected

Given all of these unexpected events, experts believe Chipper’s financial sheet has been impacted by these financiers’ downward spiral. Around 150 people have been dismissed by Chipper Cash since December 2022, with the most recent round occurring in February 2023.

However, Chipper Cash CEO Ham Serunjogi has also assured customers that the collapse of SVB had an insignificant effect on the operations of Chipper Cash.

Chipper Cash has many banking partnerships across the globe, including several in the United States, due to the magnitude and complexity of our worldwide operations. In light of this, we only had a very little sum of funds (about $1M) in our SVB account when the bank was seized by the California regulator. We have already gotten confirmation from the FDIC that at least half of our cash is now accessible. In addition, our customers’ activities wherever in the globe were not affected in any way.

The Bank of Ghana authorizes Chipper Cash to facilitate transfers to the U.S.

“We are undoubtedly living in a difficult and unpredictable period, not just in our industry but across the global economy. The events of this week have simply served to underscore this truth, and every firm is being forced to make difficult but necessary adjustments. Has our job cut out for us AT Chipper Cash, we continue to work hard every day towards our purpose of enabling people in Africa to freely move and transact their money.”

Nevertheless, Serunjogi recognised SVB’s influence in Chipper Cash’s early days. “When I was attempting to establish Chipper’s first bank account five years ago, SVB was the only bank that would take us,” he said. “I’m sure there are numerous more startups doing equally vital work who would agree.”

Tags: buyerChipper Cash
Staff Writer

Staff Writer

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Tech Careers
    • Africa Tech News
    • Global Tech News
    • How to
    • Reviews
  • Startups
  • Fintech
  • Cryptocurrency
  • AI
  • Tech Tv
  • Featured

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.