African cross-border payments platform Chipper Cash conducted a second round of layoffs last Friday just ten weeks after it cut approximately 12.5% of its workforce. The company's V.P. of revenue shared the news on LinkedIn, saying "all areas" across Chipper Cash's markets were impacted this time. According to several local news outlets, Chipper Cash relieved almost one-third of its workforce, about 100 employees. CEO Ham Serunjogi confirmed the exact number of roles affected when TechCrunch reached out, but said the reports are relatively accurate. The five-year-old payments and crypto startup has let go of over 150 employees in the last three months to cut costs amid a torrid period for private and public tech companies globally.  Chipper Cash, an African cross-border payment app founded by Maijid Moujaled in 2018, has shut down its crypto department and is focusing its efforts on core markets and products. The company has over 5 million customers across Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya, and expanded last year to facilitate peer-to-peer money movement from both countries to select regions in Africa. In November, Chipper Cash announced that it would acquire Zambian fintech company Zoona to expand into Southern Africa. In the wake of FTX's bankruptcy, the African fintech, which has raised over $300 million from investors including SVB Capital and Ribbit Capital, saw its valuation slashed from $2 billion to $1.25 billion. Chipper Cash adds to a list of Africa-focused companies and crypto companies that have laid off employees in recent months, including Jumia, Yoco, and Luno.

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