Chipper Cash, based in San Francisco, was founded in 2018 by Ham Serunjogi, and Maijid Moujaled. Serunjogi serves as CEO. The fintech company designs software that enables free and instant peer-to-peer cross-border payments in Africa and Europe, as well as solutions for businesses and merchants to process online and in-store payments.
In November, website “Pymnts” reported that Chipper Cash intends to acquire a Zambian fintech concern, Zoona, as part of its African expansion. Chipper Cash executives said the deal would bring together complementary products and services, allow the two companies to connect consumers and businesses across Africa, and position them as the “first choice provider of financial services” on the continent.
Among Chipper Cash’s investors are Bezos Expeditions, Deciens Capital, Liquid 2 Ventures, One Way Ventures, and Tribe Capital. The company has raised at least $280 million in funding over 6 funds, the latest of which was Series C round in November 2021.The company’s last known valuation was $2.23 billion and has not publicly communicated an intention to IPO.