Valuation

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 have valued Chipper between $250 million and $500 million, fell through due to complications in sharing financial data. This significant decrease in valuation has led to Chipper losing its status as an African tech unicorn. Over the…