What is Chipper Cash
Chipper cash is a cross-border payments app that was made to help ease sending money across borders. This previously difficult task has been made simple by chipper cash which offers the lowest rates and makes it the easiest to securely make sure the money transfers safely. It was made initially to help ease the issue of sending money to African countries, it is available as of now in Nigeria, South Africa, Ghana, Uganda, Rwanda, and Tanzania and as of recently The United States and the United Kingdom. It has around 3 million active users that rely on chipper cash to send payments. They make a profit from their small fees on cryptocurrency and stock transactions which is another feature available on the app.
History
Chipper cash is a startup that was launched in 2018 that currently has over 3 million users. It was founded by Ham Seruinjogi and Maijid Moujaled. Sometime in November 2021, was valued at $2 Billion while participating in a $150 million Series C round led by Ftx. Their previous funding was $30 million led by Bezos Expeditions and Ribbit capital. They are becoming widely known as the most valuable private startup in Africa after their recent evaluations. As of June 2020, Chipper cash had reached a total value of $100 million and processes an average of 80,0000 transactions every day of their 3 million users.
Future Outlook
Chipper is incredibly fast growing with its founder’s vision and passion for allowing more accessible payments into Africa. They plan to invest more capital into expanding their payment system into more countries. This is evident in their recent expansion into the United Kingdom and the United States which is a major step in facilitating payments into Africa. The San Francisco headquartered company has a very bright future and if they stick to its vision and keep up with its funding goals it will easily be able to raise its monetary goals while also meeting its ethical goals of trying to facilitate more payments through Africa at a cheap and affordable price.
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