Ham Serunjogi
Co-Founder
Chipper Cash
Chipper Cash is a fintech platform that enables mobile, cross-border money transfers through a peer-to-peer transaction model. The service reduces the high fees and delays associated with traditional remittance methods, allowing users to send and receive money quickly and affordably across multiple countries.
- Applications
- Financial Technology
- Software Only
Updated 2 days ago
Funding
Raised to date
$304.6MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+8Funding rounds are not available yet.
Founders
Maijid Moujaled
Co-Founder
Product
Problem
Traditional methods of sending money across borders, especially within Africa, often involve high fees, slow processing times, and limited accessibility, hindering financial inclusion and economic activity. Many individuals and businesses face challenges in making and receiving payments efficiently and affordably across different African countries.
Solution
Chipper Cash provides a mobile-first, cross-border payment platform designed to facilitate fast, low-cost money transfers across Africa and beyond. By leveraging a peer-to-peer transaction model and direct integrations with local banks and mobile money accounts, Chipper Cash eliminates intermediaries and reduces transaction costs. The platform offers a user-friendly interface for sending and receiving money, paying bills, purchasing airtime, and investing in stocks. Chipper Cash also provides business solutions, including bulk payments and collections, enabling enterprises to manage their finances and scale operations across the continent. Through partnerships with companies like Ripple, MoneyGram, and Stellar, Chipper Cash expands its reach and enhances its capabilities, offering seamless and secure transactions for individuals and businesses.
Target Audience
Chipper Cash primarily targets individuals in Africa who need to send and receive money across borders, as well as businesses looking for efficient and cost-effective payment solutions for their operations on the continent.
Features
- Mobile application for sending and receiving money instantly across borders
- Virtual Visa Chipper Card for online shopping and global payments
- Investment platform for trading fractional shares of US stocks
- Business solutions for bulk payments, collections, and cross-border transactions
- Direct integrations with banks and mobile money accounts in multiple African countries
- AI-powered identity verification (Chipper ID) for secure transactions
- API for businesses to integrate Chipper Cash payments into their platforms
- Support for multiple currencies, including USD, EUR, and local African currencies
- Compliance with regulatory standards and licensing in various jurisdictions