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Home News Chipper Cash Lays Off 12.5% of Its Staff
News - December 7, 2022

Chipper Cash Lays Off 12.5% of Its Staff

Chipper Cash, a pan-African cross-border payment company, joined the tech companies that laid off its staff in 2022. The tech company laid off about 12.5% of its staff to restructure the company to improve its earnings, profit and growth.

The layoff came two weeks after the company decided to acquire the Zambian fintech firm, Zoona Transactions International (Zoona). The company plans to gain access to other markets by buying all the services under the Tilt Africa brand.

According to some of the affected and non-affected staff, the layoff in the company was spread across different departments. However, the engineering department was the most affected, with about 60% of the team’s employment terminated.

The Vice President of engineering, Erin Fusaro, on her LinkedIn account also confirmed the layoff. She said, “This morning, a significant amount of Chipper staff were let go in a layoff. While I was not among them, many of my close colleagues and friends were.

If you’re looking for talented engineering leadership, engineers, technical program managers, analysts, or I.T. staff,  please comment here, and I’ll do my best to start connecting people. To those let go today, please feel free and welcome to direct message me. I’ll help you find a soft spot to land if I can.”

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The Ugandan tech entrepreneur Ham Serunjogi and his Ghanaian business partner Maijid Moujaled founded Chipper Cash, a payment platform, in 2018. The platform offers fee-free peer-to-peer payments in seven African countries, including Ghana, Uganda, Nigeria, Tanzania, and Rwanda. With four years of operation, the company has raised $300 million in funding and has a market valuation of about $ 2.2 billion.

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