FTX marked down Chipper Cash’s $2B valuation to $1.25B

African fintech Chipper Cash saw its valuation slashed from $2 billion to $1.25 billion before FTX’s bankruptcy, according to documents shared by the Financial Times on Alameda’s venture capital portfolio.
TechCrunch got a whiff of this information from sources familiar with the company’s financial situation, and though the African cross-border payments company didn’t confirm the news when asked, the filings validate our sources’ details. The news is coming to light a day after Chipper Cash laid off 12.5% of its workforce (about 50 employees).
Last May, Chipper Ca

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