African payments startup Chipper Cash raises $100m

African payments startup Chipper Cash raises $100m

Risk Disclaimer >>
Ad disclosure Fintech-Insight stands firm in its mission to facilitate sound financial decisions for you. We forge alliances with specialists to provide the latest in news and facts. Engagement with designated links, sponsored entries, products and/or services, leading transfers to brokers, or promotional content might entail financial recompense for us. We pledge to protect our users from any negative repercussions arising from utilizing our site. Be informed that no content hosted here should be interpreted as authoritative in legal, tax, investment, financial matters or any expert counsel; it is meant for informational purposes exclusively. Should there be any concerns, securing the guidance of an independent financial consultant is recommended.

African cross-border payments startup Chipper Cash has raised $100 million in a Series C funding round led by SVB Capital.

Deciens Capital, Ribbit Capital, One Way Ventures, 500 Startups, Tribe Capital, Brue2 Ventures, and Jeff Bezo’s personal VC fund joined the round, according to TechCrunch.

Founded in San Francisco in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled, Chipper Cash is a mobile app that lets people transfer money across borders, fast and cheaply.

Currently available in seven African countries – Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania and Uganda – as well as the UK, the startup claims to have four million users.

The firm is looking to expand to new countries and has recently introduced a crypto product and will soon let users invest in US stocks.

Risk Disclaimer

Fintech-Insight is dedicated to delivering unbiased and dependable insights into cryptocurrency, finance, trading, and stocks. However, we must clarify that we don't offer financial advice, and we strongly recommend users to perform their own research and due diligence.

Leave a Reply