THELOGICALINDIAN - Chipper Cash an African fintech close that specializes in facilitating crossborder payments afresh bankrupt a 100 actor Series C allotment annular Taking the advance in what is now Chipper Cashs third fundraising annular in the accomplished twelve months is the adventure basic VC close SVB Basic The VC close is an advance arm of US hightech bartering coffer Silicon Valley Coffer
The New African Fintech Unicorn
Other notable participants in this Series C annular accommodate Deciens Capital, Ribbit Capital as able-bodied as the Jeff Bezos backed Bezos Expedition. Following the cessation of this Series C allotment round, Chipper Cash has now aloft a absolute of $143.8 actor in aloof a year. As a consequence, some assemblage now appraisal Chipper Cash’s appraisal to be amid one and two billion dollars.
Notably, with this basic raise, Chipper Cash becomes the latest African fintech close to allure the absorption of arch adventure basic firms. Other African fintech start-ups that analogously accustomed abutment from above VC firms accommodate Flutterwave, Tymebank and O Pay.
Crypto Services and the CBN Prohibition
Chipper Cash’s cogent basic accession in a abbreviate amplitude of time came as it broadcast the ambit of articles it offers. According to a report, the fintech close now offers cryptocurrency trading options as able-bodied as added business acquittal solutions. The address additionally quotes Ham Serunjogi, the fintech’s CEO answer some of the factors that prompted Chipper Cash to add new services. He said:
Nevertheless, the CEO clarifies that Chipper Cash is not currently alms crypto-related casework to its audience in Nigeria. He cites the Central Bank of Nigeria (CBN)’s anti-crypto charge as the sole acumen why the fintech close cannot extend its cryptocurrency-related casework to Nigerians.
Serunjogi meanwhile says his aggregation is still “looking advanced to any development in Nigeria that allows it to be offered advisedly again.”
What do you anticipate of Chipper Cash’s latest allotment round? You can allotment your angle in the comments area below.
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