African startup Chipper Cash raises USD 30 mln Series B funding round

Thursday 19 November 2020 10:37 CET | News

African cross-border fintech startup Chipper Cash has raised USD 30 million in a Series B funding round led by Ribbit Capital with participation of Bezos Expeditions – the personal VC fund of Amazon CEO Jeff Bezos.

According to TechCrunch, Chipper Cash was founded in San Francisco in 2018 and offers mobile-based P2P payment services in Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa, and Kenya. In addition, the startup also runs Chipper Checkout, a merchant-focused payment product.

As part of the Series B funding, the startup plans to expand its products and geographic scope. On the product side, this entails offering more business payment solutions, crypto-currency trading options, and investment services.

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Keywords: Chipper Cash, funding, Africa, Series B funding round, Ribbit Capital, Bezos Expeditions, Jeff Bezos, mobile payments, P2P payments, merchants, payment solutions, crypto-currency trading, investment services
Categories: Payments & Commerce
Countries: Africa
This article is part of category

Payments & Commerce