ICTStartupsThe Big Story

Chipper Cash Valuation Slashed by Over 70% Amid Failed Acquisition Talks.

by Jonathan Ntege Lubwama
In a dramatic turn of events, Chipper Cash, a leading fintech startup in Africa, has seen its valuation plummet by over 70%, from a staggering $2.2 billion to a mere $500 million according to Forbes. This drastic drop in valuation is largely attributed to the failed acquisition talks with Zepz (formerly WorldRemit Group), a UK-based international money-transfer firm. The proposed deal, which would

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About the Author

Do whatever you like to do the most. I chose journalism because I wanted to be in the places where history was being made. Journalism is in fact, history on the run. History is being made in the African Startup Ecosystem and I am here to document it. Jonathan is also the Investment Principal at Benue Capital, an early-stage VC fund. Reach out at jonlubwama@gmail.com or +256-771162922