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Chipper Cash raises USD 100 million in Series C round

Monday 31 May 2021 11:31 CET | News

US-based financial services company Chipper Cash has raised USD 100 million in a Series C round.

SVB Capital, the investment arm of Silicon Valley Bank led this Series C round. Others who participated in this round include the existing investors Deciens Capital, Ribbit Capital, Bezos Expeditions, One Way Ventures, 500 Startups, Tribe Capital, and Brue2 Ventures.

In November 2020, the company raised USD 30 million in a Series B round led by Ribbit Capital and Jeff Bezos fund Bezos Expeditions. This was after closing a USD 13.8 million Series A round from Deciens Capital and other investors in June 2020.

Chipper Cash facilitates cross-border payments across Africa. The raised funds will be used to introduce more products and grow the team.


Source: Link


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Keywords: funding, investment, online payments
Categories: Payments & Commerce
Companies:
Countries: United States
This article is part of category

Payments & Commerce