What is Chipper Cash? Chipper Cash Review

Company Introduction

Chipper Cash was founded in 2018 by Ham Serunjogi of Uganda and Maijid Moujaled of Ghana and launched in October of that year.

Product Introduction

Currently, free mobile-based P2P payment services are provided in seven countries and regions, including Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya.

In addition to its P2P business, the startup also operates Chipper Checkout, a fee-based C2B mobile payment tool for merchants. The revenue from this product is mainly used to subsidize the company's free mobile payment business expenses.

Financing

In May 2019, Chipper Cash received US$2.4 million in seed round financing, with participation from British startup accelerator 500 Startups and seed equity fund Liquid 2 Ventures.

In December 2019, Chipper Cash, an African cross-border fintech startup, completed a $6 million seed round of financing, led by Deciens Capital, a California-based fintech venture capital fund.

In June 2020, Chipper Cash completed a $13.8 million Series A financing led by Deciens Capital.

In November 2020, African cross-border payment platform Chipper Cash announced on Thursday that it had received US$30 million in Series B financing, led by venture capital firm Ribbit Capital and participated by Bezos Expeditions, the personal venture capital fund of Amazon CEO Jeff Bezos.

Development History

In September 2019, Chipper Cash expanded its business to Nigeria, Africa’s largest fintech market.

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