{"id":474071,"date":"2021-11-02T14:50:09","date_gmt":"2021-11-02T14:50:09","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=474071"},"modified":"2021-11-02T14:50:09","modified_gmt":"2021-11-02T14:50:09","slug":"chipper-cash-raises-150-million-valued-at-2-billion","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/11\/02\/chipper-cash-raises-150-million-valued-at-2-billion\/","title":{"rendered":"Chipper Cash Raises $ 150 Million, Valued At $ 2 Billion"},"content":{"rendered":"
<\/div>

Chipper Cash, an African cross-border payments company, has raised $ 150 million in a Series C extension round, valuing itself at $ 2 billion.<\/p>\n

The roundtable was led by the cryptocurrency exchange FTX of Sam Bankman-Fried, Deciens Capital, and One Way Ventures, among others.<\/p>\n

According to Ham Serunjogi, co-founder of Chipper Cash, the company\u2019s strategy is to provide the “best price” while making it easier to transfer money from Africa to the United States.<\/p>\n

Peer-to-peer money transfers from the United States to Nigeria and Uganda, he points out, are now available to customers in those countries.<\/p>\n

Before the end of the year, the service will be available to customers in Ghana, South Africa and Kenya, the boss of the company informed.<\/p>\n

Chipper Cash is FTX’s premier African investment. Africans who use the FTX crypto trading platform will be able to “pay with Chipper Cash” on the crypto trading platform.<\/p>\n

The structure joins the list of unicorns in Africa (currently six unicorns), which includes Flutterwave, Opay and Wave, with this new valuation.<\/p>\n

Established in 2018, Chipper Cash provides a free peer-to-peer cross-border payment service in Africa through its app. Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya are among the countries that use its services.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

Chipper Cash, an African cross-border payments company, has raised $ 150 million in a Series C extension round, valuing itself at $ 2 billion. The roundtable was led by the cryptocurrency exchange FTX of Sam Bankman-Fried, Deciens Capital, and One Way Ventures, among others. According to Ham Serunjogi, co-founder of Chipper Cash, the company\u2019s strategy<\/p>\n","protected":false},"author":536116,"featured_media":474072,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[11996,16068,12036,12008],"tags":[20097,20098,20096],"class_list":{"0":"post-474071","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-finance-en","8":"category-fintech-telecom","9":"category-sectors","10":"category-stock-exchanges","11":"tag-150-million","12":"tag-2-billion","13":"tag-chipper-cash","14":"post_format-post-format-aside","15":"pmpro-has-access"},"yoast_head":"\nChipper Cash Raises $ 150 Million, Valued At $ 2 Billion - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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