Loading organizations...
§ Private Profile · San Francisco, CA, USA
Fintech platform provides cross-border payments, virtual cards, stocks, and crypto for customers across Africa and the US.
Chipper Cash is a San Francisco-based financial technology company that provides cross-border payments, virtual cards, fractional stock trading, and cryptocurrency exchange services across Africa and the United States. The platform facilitates consumer peer-to-peer money transfers and business-to-business identity verification services for users in key regional markets, primarily operating within Nigeria, Ghana, Rwanda, and Uganda. To support its ongoing expansion across the African continent, the enterprise has raised more than $300 million in total venture funding. This extensive capital accumulation allowed the firm to achieve a valuation exceeding $1 billion, officially securing its unicorn status in the global financial technology sector. The company's capitalization table includes financial backing from prominent venture capital firms and family offices such as Ribbit Capital, Bezos Expeditions, SVB Capital, and Deciens Capital. Chipper Cash was founded in 2018 by Ham Serunjogi and Maijid Moujaled.
Chipper Cash has raised $302.0M across 6 funding rounds.
Key people at Chipper Cash.
Chipper Cash was founded in 2018 by Ham Serunjogi (Co-Founder & CEO) and Maijid Moujaled (Co-Founder & President).
Chipper Cash has raised $302.0M in total across 6 funding rounds.
Chipper Cash is a fintech company building a mobile app that enables fee-free cross-border payments, virtual cards, stock investing, crypto trading, bill payments, and airtime top-ups primarily for individuals and businesses in Africa.[1][3][5] It serves over 5 million users across countries like Nigeria, Ghana, Rwanda, Uganda, and the US, solving high-cost, slow remittances and limited financial access in regions with unreliable infrastructure.[3][5][6] The platform's growth stems from organic adoption, with expansions into Bitcoin Lightning Network for instant transactions (now over 50% of its Bitcoin volume) and partnerships like Visa and Stellar for global reach.[2][4]
Chipper Cash was founded in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled, both with tech and finance backgrounds, starting as a peer-to-peer remittance app to address expensive cross-border money transfers between African mobile money platforms.[2][4][5] The idea emerged from personal frustrations with legacy systems' delays and fees, quickly gaining traction through word-of-mouth in underserved markets.[2][5] Pivotal moments include a $13.8 million Series A in 2020 from Deciens Capital, regulatory licenses as a full fintech provider, and product expansions like virtual cards and crypto, fueling growth to millions of users.[2][3][5]
Chipper Cash rides the fintech boom in Africa, where 400M+ unbanked adults and $50B+ annual remittances face legacy barriers like outages and high fees, timing perfectly with mobile penetration and crypto adoption.[2][5][7] Market forces like regulatory openings and Bitcoin Lightning's scalability favor its model, enabling hyper-local commerce (480K+ merchants) and global access (US/UK expansion).[2][5][6][7] It influences the ecosystem by accelerating interconnected trade, empowering small businesses/creators with dollar rails, and proving scalable alternatives to incumbents like OPay or Flutterwave.[1][2]
Chipper Cash is poised to dominate African fintech by deepening Lightning/crypto integration, expanding to more countries, and scaling B2B offerings like Chessa amid rising stablecoin use.[2][6] Trends like AI-driven personalization, regulatory harmonization, and Web3 remittances will propel it, potentially evolving into a full neobank influencing pan-African economic unity. As it "chips away" at borders, Chipper remains the go-to for unlocking Africa's global financial potential.[5][7]
Chipper Cash was founded in 2018 by Ham Serunjogi (Co-Founder & CEO) and Maijid Moujaled (Co-Founder & President).
Chipper Cash has raised $302.0M in total across 6 funding rounds.
Chipper Cash's investors include Sam Bankman-Fried, Deciens Capital, Saga, Bezos Expeditions, One Way Ventures, Ribbit Capital, SVB Capital, Tribe Capital, Tilli Kalisky-Bannett, Andreessen Horowitz, Better Tomorrow Ventures, Humba Ventures.
Chipper Cash has raised $302.0M across 6 funding rounds. Most recently, it raised $150.0M Series C in October 2021.
