African cross-border fintech startup Chipper Cash has raised a $13.8 million Series A funding round led by Deciens Capital and plans to hire 30 new staff globally.
The payments company, was founded in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled and offers mobile no fee, person-to-person payment services in seven African countries: Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. This service is subsidized by Chipper Checkout, a merchant-focused, fee-based mobile payment product. The company has focused on Africa’s biggest digital payments markets.
“We’re now at over one and a half million users and doing over a $100 million dollars a month in volume,”Serunjogi
Previous funders include 500 Startups and Liquid 2 Ventures who provided seed funds. The Series A round was co-led by Deciens Capital and Raptor Group and included 500 Startups and Liquid 2 Ventures .
Tech Crunch reports Serunjogi satisfaction with company growth on a call “We’re now at over one and a half million users and doing over a $100 million dollars a month in volume,” he said. The company will use its latest round to hire up to 30 people across operations in San Francisco, Lagos, London, Nairobi and New York, according to Serunjogi.
Read more about the funding on Tech Crunch and check out other African startups such as Tradedepot, ZIZ Energie, SolarX