Chipper Cash is a fintech platform that offers cross-border money transfer services through mobile.
Chipper Cash is the first platform of its kind to offer instant cross-border mobile money transfers in Africa.
Chipper Cash was founded in 2017 by Ham Serunjogi and Maijid Moujaled. The company is headquartered in San Francisco, California, with offices in Accra, Ghana and Nairobi, Kenya.
Chipper Cash builds software to enable free and instant Peer-to-peer Cross-border payments in Africa and Europe; as well as solutions for businesses and merchants to process online and in-store payments.
Chipper Cash offers its mobile-based, no fee, P2P payment services in seven countries: Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya.
Chipper Cash also runs Chipper Checkout, a merchant-focused, fee-based mobile payment product that generates the revenue to support Chipper Cash’s free mobile-money business.
Chipper Cash has added beta dropdowns on its website and app to buy and sell Bitcoin and invest in U.S. stocks from Africa — the latter through a partnership with U.S. financial services company DriveWealth.
Chipper Cash has scaled to 3 million users on its platform and processes an average of 80,000 transactions daily. In June 2020, Chipper Cash reached a monthly payments value of $100 million.
Chipper Cash is backed by Ribbit Capital, Bezos Expeditions, Deciens Capital, 500 Startups, Liquid 2 Ventures, Raptor Group and others. The company raised $30M in a Series B round on Nov 19, 2020. This brings Chipper Cash's total funding to $52.2M to date.