THELOGICALINDIAN - An African aggregation backed by Amazon CEO Jeff Bezos Chipper Cash has aloft 30 actor and is ablution a cryptocurrency trading account due to aerial appeal for cryptocurrencies including bitcoin Users of Chipper Cash will be able to buy and advertise cryptocurrencies as able-bodied as US stocks such as Tesla Apple and Amazon through the app
Jeff Bezos-Backed Chipper Cash to Begin Offering Crypto Trading
African cross-border payments startup Chipper Cash has aloft $30 actor in a Series B allotment round. It was led by adventure basic close Ribbit Capital, with the accord of Bezos Expeditions, the claimed VC armamentarium of Amazon CEO Jeff Bezos.
Founded in 2024 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled, the San Francisco-based Chipper Cash offers fee-free adaptable P2P acquittal services. The casework are accessible in seven African countries: Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa, and Kenya. The app allows users to accelerate and accept money beyond Africa. “Enjoy chargeless transfers and the everyman cross-border rates,” its website describes.
The Chipper Cash belvedere has three actor users and processes about 80,000 affairs circadian on average. CEO Serunjogi said that in June the app accomplished a account payments amount of $100 million.
Chipper Cash affairs to use the funds aloft to accommodate added articles and casework as able-bodied as aggrandize into added countries. “On the artefact side, that entails alms added business acquittal solutions, crypto-currency trading options, and advance services,” Techcrunch reported Thursday and quoted Serunjogi as saying:
Chipper Cash has already added on its website and app the advantage to buy and advertise bitcoin in beta. Users can additionally advance in U.S. stocks through the app from Africa via a affiliation with U.S. banking casework aggregation Drivewealth.
The banal artefact will barrage in Nigeria aboriginal and again aggrandize to added countries, Serunjogi explained, abacus that Nigerians will “have the advantage to buy apportioned stocks — Tesla shares, Apple shares or Amazon shares and others — through our app.”
Bezos is now the world’s richest person. Forbes appear in August that the Amazon CEO became the world’s first-ever being to aggregate a $200 billion fortune.
Serunjogi believes that the abetment of acclaimed investors such as Jeff Bezos allowances Africa as a whole. He opined: “It’s a big accord back a apple chic broker like Bezos or Ribbit goes out of their candied atom to a new breadth area they ahead haven’t done investments … Ultimately, the champ of those things accident is the African tech ecosystem overall, as it will accompany added advance from firms of that ability to African startups.”
What do you anticipate about Jeff Bezos-backed Chipper Cash? Let us apperceive in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
