According to a report from Bloomberg, African fintech company Chipper Cash is reportedly considering selling the company or seeking new investors, though the conversations are private. Chipper Cash has downplayed reports of its exposure to Silicon Valley Bank, stating that its exposure was only $1 million, while a publisher has claimed that it was $3 million. The company has never sought to be acquired but has evaluated various M&A proposals from different parties. It may be a more challenging year than usual for Africa’s unicorns looking to raise money, and Chipper Cash may suffer a slash in valuation if it raises money this year, with its previous valuation at its $250 million fundraise being $2 billion.

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