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
-
Long-Delayed Kafra Oil Project in Niger Advances with Drilling Set for April
19:21
-
Mission 300 mobilizes $100M+ to expand electricity access in Africa
19:14
-
EU, Ghana sign security partnership as bloc delivers drones, military equipment
18:03
-
South Africa’s Happy Pay Secures $5M to Expand BNPL in High-Cost Credit Market
17:32
-
Nigerian Entrepreneur Lloyd Adiele Drives Cross-Border Payments Innovation
15:47
-
Saad Jittou Builds Integrated Transport Solution with Weego
15:36
-
Burkina Faso Advances AI Strategy with Focus on Local Languages
15:34
-
Ethiopia Unveils Smart Police Station to Digitize Public Services
15:31
-
Togo, Turkey sign education agreement to support training and mobility
13:36
-
Lomé to host Francophone parliamentary conference in April
13:24
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
Côte d’Ivoire raises 110bn CFA francs, meeting full target Investor demand hits 291bn CFA fra...
Sonatrach to begin drilling at Kafra block in Niger Operations target oil potential across 23,737 sq km area Project revives 2018 discovery with...
Rockefeller, GEAPP commit over $100 million to Mission 300 initiative Funds support electrification planning, coordination, and investment...
Deal covers counterterrorism, conflict prevention, and cybersecurity cooperation EU delivers military equipment under €50 million support...
Project upgrades 77 km road to boost trade, regional connectivity Initiative aims to create jobs and support economic growth Cameroon and...
AI forces newsrooms to balance automation with credibility and trust Agentic AI boosts efficiency but risks scaling disinformation...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...