Chipper Cash, Silicon Valley Bank, and Silvergate Bank: What the future holds

Chipper Cash, an African fintech company, is reportedly considering a sale. Despite recent financial troubles with Silicon Valley Bank and Silvergate Bank, its CEO claims their impact was insignificant. The startup, which allows users to send and receive payments across Africa and buy cryptocurrencies, has faced bear market troubles and a recent valuation markdown by FTX. The future remains uncertain as the company navigates the aftermath of SVB’s collapse and ongoing market volatility. The company’s next steps could have far-reaching implications for the region’s digital payments landscape.

Source : Business Insider Africa 

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