Chipper Cash, a cross-border remittance and P2P payments firm has raised $6 million seed round led by Deciens Capital to expand into Southern Africa after its recent expansion into Nigeria.
Chipper Cash operates in Kenya, Uganda, Tanzania, Rwanda, Ghana and Nigeria, and this latest expansion into Southern Africa aims to help it achieve its pan-African reach. Boston based Raptor Group participated in the round.
After raising $2.4 million in May 2019 from 500 Startups and Liquid 2 Ventures, the firm expanded into Nigeria with its free and instant Peer-to-peer cross-border mobile payment solutions.
Founded Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled, Chipper offers free P2P mobile money services unlike other mobile money providers. The firm also aggregates several mobile money wallets and bank accounts onto its platform allowing customers to enjoy its super wallet status.