Author: Finextra

cross-border payments fintech funding

African payments startup Chipper Cash raises $100m

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.

Source: Finextra

Check out our blog here.

Recommended posts

Why are more companies hiring freelancers in 2024?

Why are more companies hiring freelancers in 2024? According to the Dutch Chamber of Commerce (KvK), the number of freelancers in the Netherlands has
Money20/20 Asia 2024

The Inaugural Money20/20 Asia in Bangkok Concludes Three Days of Incredible Fintech Conversations, Networking, and Industry Deal Making 

Bangkok, Thailand, April 20-2024- Money20/20, the world’s leading fintech show and the place where money does business, concluded three industry-changing days of fintech conversations,
New podcast: An Interview with Tom van Wees and Roderick de Koning, CCO and CEO of Ginger Payments