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Dovi Frances (right) and Eynat Guez

Investor Dovi Frances to sell Papaya Global shares at loss, co-founder Guez says she'll buy

Frances offers to sell his 2.8% stake in the company for $12.5 million, dropping Papaya's valuation to approximately $444 million, a stark contrast to its previous funding round valuation of $3.7 billion; he objects to Guez's decision to withdraw company funds from Israel

Sophie Shulman | 08.29.23

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