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Chipper Cash
P2P international payments
- 201-500 employees
- Fintech
- B2C
- Foreign exchange
- Financial Services
- Yerba Buena, San Francisco, CA
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Company mission
To provide the most trusted and accessible financial services for people living in Africa and beyond.
142% employee growth in 12 months
Our take
Africa is home to 17 IMF designated “emerging markets”, the continent is beginning to attract the interest of investors who have long been deterred by infrastructural issues as well as political and economic strife. Chipper’s financial services platform enables cross border person-to-person money transfers in seven (and counting) African countries as well as in the UK.
The “mobile money” space in particular is an area where Africa is of great value, as it negates the need for a reliable physical banking infrastructure, and doesn’t even require the user to own a bank account. The proof of this lies in the fact that of just over 1 billion mobile money accounts worldwide, almost half are registered in sub-Saharan Africa.
Having formed in 2018, Chipper is not the only startup of its kind in a market that’s quickly heating up. Nigerian platform Paystack has been acquired by Stripe, while East African based Sendwave has been sold to the UK’s WorldRemit. However, Chipper can take confidence from a recently closed $100 million Series C funding round which was led by Silicon Valley Bank, with a returned installment from Bezos Expeditions, the personal venture capital fund of Amazon’s Jeff Bezos.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Home Office Stipend
- Flexible Time Off
- High-end Equipment
- Parental Wellness Program
- Volunteer Program
- Health Care Plan
- Mental Health Program
- Internet Stipend
- Professional Courses
- Chipper Care Program
- Pension Plan
- Travel Opportunites & Events
Company values
- We're owners
- We're communicators
- We lead with empathy
- We're bold
Funding (last 2 of 6 rounds)
Nov 2021
$150m
SERIES C
May 2021
$100m
SERIES C
Total funding: $302.2m
This company has top investors
Leadership
Ham Serunjogi
(CEO)They started their career as a Client Manager at Facebook, where they worked for 2 years. They left this role in August 2018 to co-found Chipper Cash, serving as CEO ever since.
Maijid Moujaled
(President)They began their career as a Software Engineer at Yahoo and Flickr. They then spent 3 years as an iOS Engineer at Imgur before co-founding Chipper Cash.