Payment Startup Chipper Cash Raises $6m for Southern Africa Expansion

Tuesday, December 17, 2019

By Jake Bright

African cross-border fintech startup Chipper Cash has raised a $6 million seed round led by Deciens Capital.

The San Francisco-based company offers mobile-based, no fee, P2P payment services in six countries: Ghana, Uganda, Nigeria, Tanzania, Rwanda and Kenya.

Chipper Cash  will use the capital to grow its team and move into new geographic areas, according to CEO Ham Serunjogi.

“Southern Africa is an area we’re looking to expand to in 2020,” he told TechCrunch on a call. Chipper Cash won’t yet disclose which countries that could entail.

Photo courtesy of ICT4D.at.

Source: TechCrunch (link opens in a new window)

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Finance
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digital finance, digital payments, emerging markets, fintech, startups