Ham Serunjogi: How Chipper Cash is Surviving the Slowdown

Today's guest is Ham Serunjogi, the Co-founder and CEO of Chipper Cash.In 2021, Chipper raised $150 million Series C extension, valuing the startup at $2 billion, but has since cut its valuation, reportedly by 70 percent, has engaged in three rounds of layoffs, reducing its headcount by nearly 175 from its peak of 450, and has drastically pulled back from its aggressive growth and expansion strategies across the continent.This conversation with Ham comes at an interesting time for Chipper and in the market, in general. Tough macro conditions on the continent, a slowdown of funding, tech layoffs. And at the same time, a lot of new and significant product launches for the company.  00:00 - Intro03:05 - Long-term perspectives & time horizons06:13 - Challenges operating across Africa08:20 - Reflecting on Chipper's growth strategies11:25 - Chipper ID15:40 - Full-stack vs. focus19:40 - Zoona acquisition & agent networks26:04 - What lessons has Ham learned?30:15 - Layoffs31:45 - Capital allocation going forward34:24 - Zepz acquisition?37:07 - More lessons43:39 - What does the future look like for Chipper?🔗 Our Links🔔 Youtube -  https://youtube.com/@theflipafrica💻 Website - https://theflip.africa🐦 Twitter - https://twitter.com/theflipafrica👥 LinkedIn - https://www.linkedin.com/company/theflipafrica📸 Instagram - https://instagram.com/theflipafrica