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.
Chipper Cash is a private company and not publicly traded.
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Chipper Cash has not yet filed for an IPO. However, it's important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.
Chipper Cash is privately held company and is not publicly traded, therefor investing in Chipper Cash pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.
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Yes, you can seek to sell shares in Chipper Cash while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.
Chipper Cash is an African cross-border payments company that allows people to send and receive money.
Chipper Cash’s mission is to provide the most trusted and accessible financial services for people living in Africa and beyond.
Chipper Cash is headquartered in San Francisco, California.
Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
---|---|---|---|---|
11/1/2021 | Series C-1 and C-2 |
$150MM raised | $XXX.XX | $XXX.XX |
5/30/2021 | Series C |
$100MM raised | $XXX.XX | $XXX.XX |
11/18/2020 | Series B |
$30MM raised | $XXX.XX | $XXX.XX |
6/16/2020 | Series A |
$13.89MM raised | $XXX.XX | $XXX.XX |
12/16/2019 | Series Seed-4 and Seed-5 |
$5.63MM raised | $XXX.XX | $XXX.XX |
5/9/2019 | Series Seed-1, Seed-2 and Seed-3 |
$2.38MM raised | $XXX.XX | $XXX.XX |