Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Friday, July 18
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Fintech»DriveWealth and Chipper Cash Bring U.S. Equities to Uganda
    Chipper Cash
    Chipper cash

    DriveWealth and Chipper Cash Bring U.S. Equities to Uganda

    0
    By AdeO on November 16, 2021 Fintech, Partnerships, Stock Market

    DriveWealth, a pioneer in fractional investing and embedded finance, has announced a partnership with Chipper Cash, the billion-dollar African cross-border payments startup, to allow Ugandans to gain affordable access to investing in U.S. equities for the first time.

    Approximately 66% of Sub-Saharan Africa’s population did not have access to a bank account in 2020, according to the World Bank. While Africa’s large unbanked population has increasingly turned to technology to help create a more inclusive financial system, investing in the U.S. stock markets required high minimums and was only accessible for high networth individuals, leaving much of the Ugandan population without access.

    Through its partnership with DriveWealth, Chipper Cash is empowering everyday investors in Uganda with safe and affordable access to the U.S. stock market for the first time. Users will now be able to invest on a dollar equivalent basis (i.e. fractional shares) in over 6,000 U.S. securities and ETFs, allowing consumers to invest with no minimum requirements.

    Chipper Cash raises $150 million Series C extension; now valued above $2 billion

    “Equipping underserved investors with the tools they need to break down the barriers to investing is a critical step towards democratizing investing worldwide,” said Bob Cortright, founder and CEO of DriveWealth. “What Chipper Cash has been able to accomplish in its few short years is helping Africans to access a range of financial services inexpensively from their phones. We’re thrilled to partner with Chipper Cash to help investors build long-term wealth by investing in U.S. stocks.”

    “We are excited to add investing in U.S. equities to our platform to complement our initial offerings of peer-to-peer transactions and cross-border payments,” said Ham Serunjogi, CEO of Chipper Cash. “Thanks to our partnership with DriveWealth, the U.S. market is now easily accessible to all members of the Ugandan population. This will enable citizens to improve their financial well-being and become owners of their financial futures.”

    Following the rollout of this offering in Uganda, Chipper Cash plans to provide access to fractional trading in U.S. equities through its partnership with DriveWealth in Nigeria and South Africa.

    Related

    Chipper cash DriveWealth
    Share. Facebook Twitter Pinterest LinkedIn Email
    AdeO
    • X (Twitter)

    Related Posts

    Rally Cap partially exits Stitch after $55M Series B round

    Interswitch, Moniepoint, OPay, PalmPay, Piggyvest named in CNBC’s World’s Top Fintech Companies 2025

    GTCO Becomes First Nigerian Bank to Cross N100 Mark, Bolstered by London Listing and Record Profits

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.