The fintech company Chipper Cash, which previously raised $150 million led by FTX, is initiating layoffs

ChainCatcher news, according to Techpoint, the African cross-border payment company Chipper Cash has begun to initiate layoffs. The company's Vice President of Engineering, Erin Fusaro, confirmed this on LinkedIn, stating that the layoffs involve engineering, technical project management, and IT staff. As of now, Chipper Cash has not issued an official statement on the matter, and the exact number of layoffs remains unclear. It is reported that the number of layoffs constitutes a significant proportion of the total workforce.

Previously, ChainCatcher reported that Chipper Cash offers free peer-to-peer cross-border payment services in Africa through its application. On November 2, 2021, Chipper Cash announced the completion of a $150 million Series C extension funding round led by FTX, with a post-money valuation of $2 billion. (Techpoint)