June 17

African Payment Startup Chipper Cash Raises USD $13.8M

By Jake Bright

African cross-border fintech startup Chipper Cash has closed a $13.8 million Series A funding round led by Deciens Capital and plans to hire 30 new staff globally.

The raise caps an event-filled run for the San Francisco-based payments company, founded two years ago by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled.

The two came to America for academics, met in Iowa while studying at Grinnell College and ventured out to Silicon Valley for stints in big tech: Facebook for Serunjogi and Flickr and Yahoo!  for Moujaled.

Photo courtesy of Fiona Graham.

Source: TechCrunch (link opens in a new window)

Education, Finance, Investing
business development, fintech, startups