Chipper Cash, an African cross-border payments company, has raised $ 150 million in a Series C extension round, valuing itself at $ 2 billion.
The roundtable was led by the cryptocurrency exchange FTX of Sam Bankman-Fried, Deciens Capital, and One Way Ventures, among others.
According to Ham Serunjogi, co-founder of Chipper Cash, the company’s strategy is to provide the “best price” while making it easier to transfer money from Africa to the United States.
Peer-to-peer money transfers from the United States to Nigeria and Uganda, he points out, are now available to customers in those countries.
Before the end of the year, the service will be available to customers in Ghana, South Africa and Kenya, the boss of the company informed.
Chipper Cash is FTX’s premier African investment. Africans who use the FTX crypto trading platform will be able to “pay with Chipper Cash” on the crypto trading platform.
The structure joins the list of unicorns in Africa (currently six unicorns), which includes Flutterwave, Opay and Wave, with this new valuation.
Established in 2018, Chipper Cash provides a free peer-to-peer cross-border payment service in Africa through its app. Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya are among the countries that use its services.
