Chipper Cash receives $2.4 mln to boost operations in East and West Africa
Friday, 10 May 2019 12:52
Payment solutions provider Chipper Cash raised $2.4 million during a funding round led by American firm Deciens Capital. 500 Startups and Liquid 2 Ventures also took part in the operation. Apart from financial support, the payment solution provider will also receive technical support from its new financial partners.
The beneficiary plans to use the raised funds to develop new payment solutions.
Based in the USA with representative offices in Ghana and Kenya, Chipper Cash also plans to boost its operations in Ghana, Uganda, Kenya, Tanzania and Rwanda where it is already present.
According to Ham Serunjogi, co-founder of Chipper Cash, the firm has 70,000 active users and have already processed 250,000 transactions.
Chamberline MOKO
Live News
-
Cameroon banana exports up 7% in 2025 as CDBM and CDC lead growth
19:59
-
WTO e-commerce moratorium debate puts Africa’s fiscal sovereignty back in focus
19:56
-
Cameroon Opens First Robusta Coffee Post-Harvest Processing Center
19:48
-
Togo to Raise 30 Billion CFA Francs on WAEMU Market Through Bills and Bonds
19:46
-
Togo Ranks Second in Africa on Women’s Legal Frameworks, Behind Mauritius
19:43
-
DR Congo firm Benesha plans syringe factory as Kinshasa demand tops 10 million monthly
19:22
-
Development Partners Pledge Over $200M for DRC Population Census, Exceeding Funding Needs
19:14
-
African Oil Ministers Boycott London Summit Over Local Content and Inclusivity Issues
19:11
-
Burkina Faso Creates New Body to Streamline Business Climate Reforms
18:47
-
WTO Talks in Yaoundé Lay Bare Deepening Fractures in Global Trade
20:47
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
South Africa pushes faster oil, gas exploration despite legal challenges Environmental groups’ co...
Benesha to build medical consumables factory in DR Congo SEZ Project aims to cut imports amid strong demand for devices Factory to produce syringes,...
Donors pledge over $200 million for DR Congo census World Bank, AfDB consider major funding and capacity support Census aims to update data...
African oil ministers to boycott May 2026 London energy summit Protest over lack of inclusivity and weak focus on African priorities Move reflects...
Burkina Faso creates unified body for PPP dialogue, business reforms New framework to streamline institutions and improve public fund use Security...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...