25.3 C
Sunday, October 25, 2020
- Advertisement -

Venture Capital Firms Invest $13.8 million in Chipper Cash


We Must Get Children Back to Learning – But Business As Usual is Not an Option By Jutta Urpilainen and Henrietta Fore

A global joint op-ed by the EU and UNICEF on education for children “One child, one teacher, one book,...

Subjecting Anti-SARS Agitation to Political Interpretation is Jejune Partisan Stimulus By Chris Okotie

Chairman Mao once posited that if the people no longer fear your power, it is because another power is on its way....

Deja Vu – In Tragic Vein By Wole Soyinka

I arrived home from external commitments just over a week ago to an extraordinary homecoming gift. It took the form of a...

Farewell to a Pioneering African Bard By Adekeye Adebajo

John Pepper Clark-Bekederemo, the Nigerian poet and playwright and a pioneering post-independence writer, died on October 13 at the age of 85....

Africa-focused, San-Francisco-based Fintech company Chipper Cash says that it has raised $13.8 million in new Series A funding. The funding round was led by Deciens Capital, a venture capital firm based in the United States.

The Lagos Times understands that Chipper Cash, which offers a suite of payment services across Africa, plans to use the funds for operational expenses and to fund the acquisition of new talent in Lagos, Nairobi, London and New York.

Chipper Cash’s latest fundraising brings its funding total to $22 million, an impressive figure for a relatively young company that was founded barely two years ago by two US-based African students, Ghanaian Maijid Moujaled and Ugandan Ham Serunjogi.

Chipper Cash has recently been gaining traction in several African hubs due to its free P2P payment services which allows users to easily transfer funds across the continent.

- Advertisement -


Please enter your comment!
Please enter your name here

- Advertisement -

Business Profiles

Mark Oguh

Mark has 22 years experience in the Banking industry covering Operations, Audit and Financial Control. He is also a...

Aina Amah

Aina Amah is a graduate of Economics from the University of Lagos and an MBA from the University of Nicosia, Cyprus. She...

Uyi Osagie

Uyi Osagie is the Chief Financial Officer of Allianz Nigeria. He joined Allianz as Financial Controller from 2014 and rose through the...

Usen Udoh

Usen Udoh is the Group Chief Human Resources Officer of the Dangote Group where he oversees a team of busines unit human...

Eric Idiahi

Eric Idiahi is a financier and venture-capitalist. He is Partner and co-founder of Verod Capital Management Limited, a $300 million Africa-focused private...