African payment startup Chipper Cash raises $13.8M Series A
Posted 4 years ago
by shakiez893
African cross-border fintech startup Chipper Cash
has closed a $13.8 million Series A funding round led by Deciens Capital and
plans to hire 30 new staff globally.
The
raise caps an event-filled run for the San Francisco-based payments company,
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 500 Startups and Liquid 2 Ventures — co-founded by American football
legend Joe Montana — to back their company with seed funds.
Two
years and $22 million in total capital raised later, Chipper Cash offers its
mobile-based, no fee, P2P payment services in seven countries: Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya.