Finance

Chipper Cash receives $2.4 mln to boost operations in East and West Africa

Friday, 10 May 2019 12:52
Chipper Cash receives $2.4 mln to boost operations in East and West Africa

(Ecofin Agency) - 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.

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