After a two-month hiatus and a significant restructuring that eliminated all positions in the US and UK to concentrate its workforce in Africa, Chipper Cash, a leading pan-African fintech startup, has resumed its services in the United States. American customers can now transfer funds to recipients in Chipper Cash’s supported African markets, including Nigeria, Ghana, Rwanda, and Uganda.
In a recent announcement, Chipper Cash highlighted enhancements to its service, stating that the “optimized account top-up experience” now offers customers unique bank account details for easier transactions to African destinations.
The company has advised users to update their Chipper app via the Apple App Store or Google Play to incorporate these updates.
A year prior, Chipper Cash expanded into the US market, obtaining money transmitter licenses across all 50 states. Connor Headrick, the Chief of Staff, emphasized the significance of these 40 licenses, coupled with the 15 held in Africa, underscoring the company’s extensive global licensing portfolio and its commitment to adhering to regulatory standards.
The company’s ambition to broaden its service offerings in the US was temporarily disrupted in January due to the collapse of an unspecified banking partnership, which led to the suspension of its US money transfer operations.
Having secured over $305 million in funding through six rounds, with Ribbit Capital and Bezos Expeditions leading the charge, Chipper Cash disclosed that it boasts 5 million verified users, with 1.4 million actively engaging with the platform on a quarterly basis.
