Chipper Cash, Africa’s fastest-growing fintech has announced a launch of extra services that enable users to make money transfers to and from the United States.
The company seeks to expand their territory to the USA which is known to have a large diaspora population that spends a significant amount of remittances back to the continent.
Already, Chipper Cash has a mainly pan-African market (South Africa, Kenya, Tanzania, Rwanda, Ghana, Nigeria, and Uganda) and the United Kingdom.
This development was publicized at a recent event that saw the announcement of the multiple international award-winning Afro-fusion musician as a global brand ambassador of the company.
Founded in 2018 by Ghanaian, Maijid Moujaled and Ugandan, Ham Serunjogi Chipper Cash is now Africa's fastest-growing fintech company’s. The company was built on the notion of
transparent, instant, and trouble-free money transfer across Africa.
They have also integrated the payment system into Twitter Tips as one of the options for creators in emerging markets to receive monetary support through Twitter.
Unlike other money transfer agents, Chipper Cash is bent on reducing the stress and expenses associated with transferring money internationally.
According to the company's blog, "Sending money into and across the continent should be affordable, easy, and secure. To that end, the Chipper Cash mobile app will enable instant peer-to-peer (P2P) payments from the US to 8 countries in Africa and the UK. And it gets better—payments from the US to Nigeria are free.
To crown it off, the fintech announced its integration with several banks in Ghana, Stock trading of U.S companies for Ugandan users and a Network API service.
In 2020, Amazon founder and the richest man in the world, Jeff Bezos invested in the startup.
This came after the cross-border, peer to peer payments service raised $30 million in a Series B funding round led by Ribbit Capital with support from Bezos Expeditions, a personal venture capital fund owned by Bezos.