International Finance
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African fintech Chipper Cash raises $13.8 mn in series A

Chipper Cash fintech
The funding was led by Deciens Capital and Raptor Group, in addition to 500 Startups and Liquid 2 Ventures participating in the round

African fintech startup Chipper Cash has raised $13.8 million in series A funding, media reports said. The funding round was led by Deciens Capital and Raptor Group, in addition to 500 Startups and Liquid 2 Ventures.

The proceeds from the funding is expected to support the startup’s efforts in expanding across Africa. Users can use its services to send and receive money within its coverage area, media reports said.

The startup’s services is currently available in Ghana, Uganda, Kenya, Tanzania, Rwanda and Nigeria. Chipper Cash said in a statement, “We are going to be introducing a Chipper for Business suite of services that will allow you to use Chipper to pay for goods or services using your Chipper wallet at merchants that accept the Chipper as a payment method or through mobile websites or apps that are approved to offer Chipper as a payment option. If available, the option to pay using Chipper will appear as a Chipper-branded payment button at checkout. When we introduce this service, we will notify all our users and promote it accordingly.”

Chipper Cash is a venture capital-backed fintech established in 2017. The startup is focused on building software to enable peer-to-peer cross-border payments in Africa. It is reported that Chipper Cash is the first platform to offer instant cross-border mobile money transfers across the continent.

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