The collapse of Silicon Valley Bank (SVB) impacted millions of dollars held by African startups and venture capital funds. Affected entities are exploring safeguards with Nala, Jumba, and others reviewing banking options to cushion their startups from such eventualities. African fintech unicorn Chipper Cash was also among several startups that could not access a portion of their funds, and a Dutch wealth manager offered investment banking and corporate services, including opening an SVB account to mainly Egyptian startups. The bank’s collapse also reinforces the need to build homegrown solutions.