African fintech unicorn, Chipper Money noticed its valuation slashed from $2 billion to $1.25 billion earlier than FTX’s chapter, in line with a citing paperwork shared by the Monetary Instances on Alameda’s enterprise capital portfolio.
This information got here to gentle comes shortly after Chipper Money laid off 12.5% of its workforce accounting for about 50 workers throughout a number of departments.
The corporate didn’t affirm the information when requested concerning the growth nonetheless, the filings obtained validate particulars by sources conversant in the corporate’s monetary state of affairs, the report continued.
