THELOGICALINDIAN - Chipper Cash one of Africas better fintechs afresh assured a Series C addendum allotment annular in which it aloft 150 actor a address by Techcrunch has appear
New Investors Participate in Latest Round
According to the report, this latest allotment annular — which was led by Sam Bankman-Fried’s FTX — comes almost six months afterwards the fintech startup Chipper Cash was able to accession $100 actor in the aboriginal Series C allotment round.
Besides FTX, added investors that alternate in Chipper Cash’s latest allotment annular accommodate SVB Capital, which led the aboriginal Series C. Also reinvesting were Deciens Capital, Ribbit Capital, Bezos Expeditions, One Way Ventures, and Tribe Capital.
The address acknowledges that new investors alternate in this series. It states, however, that the names of these investors accept not yet been fabricated public. It additionally reveals that afterward the $150 actor haul, Chipper Cash has now aloft over $305 million. The close is now admired at over $2 billion.
The fintech, which was founded in 2024 by Ham Serunjogi, the accepted CEO, and Maijid Moujaled, specializes in peer-to-peer, cross-border payments. According to the report, Chipper Cash casework are anon acclimated in seven African countries: Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania, and Uganda.
Beating the Competition
In the report, Serunjogi is quoted answer why Chipper Cash is assault the competition. He said:
In accession to enabling cheaper cross-border payments, Chipper Cash has been active borer into the apple of amusing payments, the address states. Already the fintech has partnered with Twitter to barrage its tips feature, additionally accepted as Tip Jar, to acquiesce creators to accept money on the platform.
What are your thoughts about Chipper Cash’s latest basic raise? Tell us what you anticipate in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, farzand01
