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
-
Egypt Pitches SUMED Pipeline as Alternative Oil Route Amid Red Sea Tensions
14:53
-
Nestlé Nigeria Rebounds to Profit on Stronger Sales and Cost Controls
14:49
-
Southern Africa advances emergency telecom systems amid rising climate risks
14:42
-
Burkina Faso Unveils $64 Billion Plan to Reshape Economy by 2030
14:31
-
German Cooperation Injects €4m Into Climate-Smart Farming Drive in Northern Cameroon
10:01
-
Cameroon considers co-financing youth incubation programme in plantain value chain
09:55
-
Cameroon to Showcase Produce at Italian Trade Fair, Seek Export Partnerships
09:43
-
Tunisia opens applications for startups to exhibit at Tunis International Book Fair
08:35
-
Benin opens applications for 2026 International AI Olympiad team
08:21
-
Google adds Yoruba and Hausa to AI search features
08:19
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
Egypt has proposed using the SUMED pipeline to help move Saudi crude to Europe. The route would bypass maritime disruptions affecting shipping in...
Nestlé Nigeria reported a net profit of 104.9 billion naira ($75.4 million) in 2025, reversing a loss the previous year. Revenue rose 26%,...
SADC moves to strengthen emergency telecom systems amid rising climate disasters Over 80% of member states aligning disaster frameworks with the...
Burkina Faso has launched a five-year development plan worth about $64 billion for 2026–2030. The program focuses on security, governance...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...