What is ChipperCash?
ChipperCash was founded in 2018 and is headquartered in San Francisco. The company is committed to the African fintech sector.
In May 2018, ChipperCash received US$2.4 million in seed round financing, with the participation of British startup accelerator 500Startups and seed equity fund company Liquid2Ventures.
In December 2018, ChipperCash, an African cross-border fintech startup, completed a $6 million seed round of financing, led by Deciens Capital, a California-based fintech venture capital fund.
In June 2018, ChipperCash completed a US$13.8 million Series A financing round led by Deciens Capital. The financing was led by DeciensCapital.
In November 2018, Chipper Cash, an African cross-border payment platform, announced on Thursday that it had received US$30 million in Series B financing, led by venture capital firm Ribbit Capital and participated by Bezos Expeditions, the personal venture capital fund of Amazon CEO Jeff Bezos.
What products does ChipperCash have?
Currently, free mobile-based P2P payment services are provided in seven countries and regions, including Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya.
In addition to its P2P business, the startup also operates ChipperCheckout, a fee-based C2B mobile payment tool for merchants. The revenue from this product is mainly used to subsidize the company's free mobile payment business expenses.
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