Monday
May 13
2019

Chipper Cash Convinces Joe Montana to Invest in African Fintech

By Jake Bright

The African no-fee, cross-border payment startup Chipper Cash has raised a $2.4 million seed round led by Deciens Capital.

The payments company also persuaded 500 Startups and Liquid 2 Ventures — co-founded by Joe Montana — to join the round.

Chipper Cash’s Ugandan chief executive, Ham Serunjogi, pitched the U.S. football legend directly. “He was quite excited about what we’re doing and his belief that the next wave of [tech] growth will come from…Africa,” Serunjogi told TechCrunch.

Chipper Cash went live in October 2018, joining a growing field of fintech startups aiming to scale digital finance applications across Africa’s billion-plus population.

Photo courtesy of ICT4D.at.

Source: TechCrunch (link opens in a new window)

Categories
Finance
Tags
digital finance, emerging markets, fintech, startups