Chipper Cash, African cross-border fintech startup just closed a $13.8 million Series A funding round led by Deciens Capital. The company plans to increase its staff strength by hiring 30 new staff globally.
Chipper Cash offers mobile-based, no fee, P2P payment services. Since commencing operations in 2018, Chipper cash has successfully raised $22 million in total .
The startup was founded by Ham Serunjogi (Uganda) and Maijid Moujaled (Ghana) in October 2018. It currently operates in seven African countries including Ghana and Nigeria. The other countries are Uganda, Tanzania, Rwanda, South Africa and Kenya.
According to Techcrunch, Serunjogi said Chipper Cash is now at over one and a half million users and doing over a $100 million dollars a month in volume.
The company recently partnered with Visa and hopes to expand into more African countries. The newly raised funds will be used to hire up to 30 people across operations in San Francisco, Lagos, London, Nairobi and New York — according to Serunjogi.
1 Comment
Pingback: Chipper Cash joins the league of African Unicorns with a $100m Series C raise | Innovation Village | Technology, Product Reviews, Business