DriveWealth partners Chipper Cash to enable affordable access to investing

UGANDA – DriveWealth, LLC, a provider fractional investing and embedded finance, has announced a partnership with Chipper Cash, a fintech startup enabling peer-to-peer money transfers and cross-border payments for nearly four million users. DriveWealth’s real-time fractional trading technology and API-based brokerage infrastructure will enable the Ugandan population 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. Through its partnership with DriveWealth, Chipper Cash is empowering…

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Fintech company Chipper Cash gets US$2b valuation with US$150m investment from FTX

NIGERIA – Chipper Cash, an African cross-border payments company, has secured US$150 million in a Series C extension round valuing the company at US$2billion. The round was led by Sam Bankman-Fried’s cryptocurrency exchange platform FTX. SVB Capital, as well as other previous investors such as Deciens Capital, Ribbit Capital, Bezos Expeditions, One Way Ventures, and Tribe Capital, reinvested in this extension round. The investment comes only six months after Chipper Cash raised US$100 million in its first Series C round. The company’s entire Series C capital is US$250 million, but…

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Ukheshe Technologies partners with tech unicorn Chipper to accelerate rollout of digital payments

SOUTH AFRICA – Leading fintech enablement partner, Ukheshe Technologies has announced a new partnership with Chipper, one of Africa’s most valuable startups, to enhance and accelerate the rollout out of Chipper’s digital payment offerings. These include free and unlimited P2P payments across South Africa, value-added services such as airtime and data and the ability to legally buy, sell or transfer cryptocurrency and the partnership will also allow for more efficient transactions across Africa while fulfilling the lives of its customers on the back of the Ukheshe Eclipse API framework. The…

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Chipper Cash launches with free P2P money transfers in South Africa

SOUTH AFRICA – Chipper, a fintech start-up that facilitates free peer-to-peer (P2P) money transfers and instant cross-border payments in Africa, officially launched Chipper Cash to offer domestic P2P money transfers in South Africa. Chipper Cash will enable South Africans to enjoy free unlimited instant domestic money transfers, invest in cryptocurrencies, and buy and send airtime and data to loved ones. Chipper was founded in 2018 by Ham Serunjogi (CEO) and Maijid Moujaled (President) and it is headquartered in San Francisco, USA. As Chipper Cash is experiencing rapid user adoption, Chipper has…

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Fintech startup Chipper Cash raises US$100m Series C funding to create new products

AFRICA – Chipper Cash, an African fintech startup, has achieved unicorn status after raising US$100 million in a C-Series funding round to create new products and to hire new employees. The round was headed by the investment division of the American Silicon Valley Bank — SVB Capital. Deciens Capital, Ribbit Capital, Bezos Expeditions, One Way Ventures, 500 Startups, Tribe Capital and Brue2 Ventures also took part in financing the startup. Founded in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled, (two college students brought together by their academic adventures at Grinnell…

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Fintech Chipper Cash raises US$30m series B funding for new products and markets

AFRICA – African fintech Chipper Cash, has raised a US$30 million series B funding round that will be used to expand the product offering and venture into new markets. According to company Chief Executive Officer Ham Serunjogi, the product offering expansion will focus on business payment solutions, crypto-currency trading options, and investment services. Speaking to Tech Crunch, Serunjogi added that the fintech would launch a stock product in Nigeria first allowing Nigerians to buy US stocks such as Tesla, Apple, or Amazon, thereafter, the stock product will be rolled out in other…

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Fintech startup Chipper Cash closes US$13m Series-A investment

AFRICA – San Francisco based fintech startup Chipper Cash, which services several African markets, has closed a US$13.8 million Series-A investment round led by Deciens Capital. Chipper Cash was 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. The startup call beckoned and after launching Chipper Cash in 2018, the duo convinced…

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