Fintech startup Chipper Cash closes US$13m Series-A investment

AFRICA – San Francisco based fintech startup Chipper Cash, which services several African markets, has closed a US$13.8 million Series-A investment round led by Deciens Capital. Chipper Cash was founded two years ago by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled. The two came to America for academics, met in Iowa while studying at Grinnell College and ventured out to Silicon Valley for stints in big tech: Facebook for Serunjogi and Flickr and Yahoo!  for Moujaled. The startup call beckoned and after launching Chipper Cash in 2018, the duo convinced…

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Payment startup Chipper Cash raises US$6m for Southern Africa expansion

AFRICA – African cross-border fintech startup Chipper Cash has raised a US$6 million seed round led by Deciens Capital, a venture capital firm that focuses on making angel and seed investments. The San Francisco-based company offers mobile-based, no fee, P2P payment services in six countries: Ghana, Uganda, Nigeria, Tanzania, Rwanda and Kenya. According to CEO Ham Serunjogi, Chipper Cash will use the capital to grow its team and move into new geographic areas. “Southern Africa is an area we’re looking to expand to in 2020,” he said After going live…

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