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Amazon CEO Jeff Bezos Makes First African Tech Investment in Fintech Startup Chipper Cash

African fintech startup Chipper Cash is on a mission to make money transfers more efficient for its consumers. Chipper Cash — a payments company founded in San Francisco in 2018 — was created by Ugandan software developer Ham Serunjogi and Ghanaian Maijid Moujaled to provide mobile-based P2P financial services that would allow its users to move their money freely locally, across the continent, and around the world. In addition to its app, the company also runs Chipper Checkout — a merchant-focused, fee-based payment product that generates the revenue to support Chipper Cash’s free mobile-money business, TechCrunch reports. With operations in Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa, and Kenya, the startup company has scaled upwards of three million users on its platform and is working to operate in a global capacity. According to TechCrunch , Chipper Cash recently raised a $30 million Series B funding round led by Ribbit Capital with participation from Bezos...

Nov 20, 2020