Fintech Startup Financed by SVB, FTX Is Said to Weigh a Sale

Chipper Cash, the Africa-focused fintech company that was backed by Silicon Valley Bank and cryptocurrency exchange FTX, is weighing options including exploring a sale or seeking new investors, people familiar with the matter said.

The company began considering the options before SVB’s collapse last week, the people said, asking not to be identified because the discussions are private. No final decisions have been made and the company may decide against either one, they said.

“It’s been fairly common practice for us to receive various M&A proposals from different parties, which we evaluate to varying degrees,” the company said in ...