Startups Profile

Chipper Cash: Story, Founders, Investors & Funding Rounds

Chipper Cash: Story, Founders, Investors & Funding Rounds

Chipper Cash is a financial technology company that is backed by venture capital. It makes solutions for companies and merchants to handle online and in-store payments, as well as software that lets people in Africa and Europe pay each other quickly and for free across borders.

The company’s platform uses technology to make it easy for people to send money across borders and for merchants to process payments made both online and in person.

Chipper Cash has made a software application platform so that sending money internationally from a mobile phone in Africa is as easy as sending a text message.

The business started in 2017, and its current headquarters are in San Francisco, California.

The company is also a FinTech company that is growing quickly and offers a wide range of services and products.

Additionally, Chipper Cash is a platform for mobile phone, international, and domestic money transfers in Africa that is growing quickly. It is a quick, easy, and safe way to send and receive money in Africa and beyond.

Their more than 4 million users are helping them bring the continent of Africa together one transaction at a time.

With Chipper Cash, sending and receiving money is easy and you don’t have to go through any middle countries since you can move money across the street, Africa, or the ocean.

How it Works

Signing Up

To join Chipper Cash, you must first go to their website. The next step is to get the app from a place like Google Play, which sells apps. Sign up for Chipper Cash, make an N1,000 deposit, and provide verified information to get an N500 welcome bonus.

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Sending and Receiving

You can send and receive cash in other countries with Chipper Cash, as long as they are in the service’s coverage area. It’s an easy and safe way to transfer money. The most important thing about this software is that it helps you make money.

The Chipper Cash app makes it easy for people to manage their money. The Chipper cash app lets people send money to each other for free within the coverage area.

Depositing 

Use the “Cash In” option in your Chipper Cash account to add money from your mobile money account to your Chipper wallet.

You can move money from your Chipper Cash app balance to your local bank account at any time. However, you won’t be able to take money out of a mobile money account until you give your accurate details. permission through your mobile device. Once you give Chipper permission, it will move money from your Mobile Money account to your Chipper wallet.

Once you have money in your Chipper wallet, you can send it to anyone for free. You can send money back from your mobile money account to your Chipper wallet. Tap the Cash Out button and enter the amount you want to take out of your Chipper account. When the money is put into your mobile money account, you’ll get a text message.

Withdrawing 

During the registration process, you’ll be asked to fill in different kinds of information. With the information from your bank account, a profile would be made.

After you sign in to the Chipper Cash app, choose the “withdrawal option,” and enter the amount you want to withdraw, money will be sent to the bank account you chose when you signed up.

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Account Security

Chipper Cash gives you a safe way to send and receive cash by encrypting all of your personal information and financial transactions to stop anyone from using your information without your permission.

The company cares about your safety and builds its business on trust and dependability. Chipper encrypts your data, to send money safely. Using @ChipperTags you can be sure that your payments always go to the right person.

Founders

Ham Serunjogi

Ham Serunjogi is both a co-founder and the CEO of Chipper Cash.

As CEO, Ham is in charge of the overall strategy and direction of the company. He is also in charge of leading the Executive Leadership Team.

After getting his Bachelor of Arts in Economics from Grinnell College in 2016, Ham started working at Meta in their Dublin, Ireland office. He was in charge of building partner relationships with some of the biggest UK advertisers on Facebook.

Ham is also involved with Grinnell College, where he went to school. He is one of four Trustees on the Investment Committee, which is in charge of managing and distributing the $3.5 billion endowment.

Ham has been a competitive swimmer for a long time. In 2010, he swam for Uganda at the Youth Olympic Games in Singapore. Before going to Grinnell College to get a degree in economics, Ham was president of the student body at the Aga Khan Academy in Mombasa.

Ham works at the main office of Chipper, which is in San Francisco.

Maijid Moujaled

Maijid Moujaled is the president of Chipper Cash and a co-founder of the company. 

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He is in charge of running the Product, Engineering, Design, and Growth departments of the company.

Maijid makes things for the mobile consumer market because he wants to make a difference in the world. 

He has also worked on Yahoo Mail, Yahoo Sports, Flickr, and Imgur before starting Chipper. He knows how to make and grow mobile apps.

 Maijid went to Grinnell College and got a Bachelor of Science in Computer Science with the highest honors.

Investors & Funding Rounds

Deciens Capital, 500 Startups, and Liquid 2 Ventures

Chipper Cash got $150 million in a Series C extension round, which was led by Sam Bankman-FTX Fried’s bitcoin trading platform.

A little over six months have passed since SVB Capital, the corporate venture capital arm of SVB Financial Group, led Chipper Cash’s first Series C round of $100 million.

The company has received $250 million in Series C funding, bringing the total to over $305 million.

Main Competitors

YooMoney: This is a reliable online payment service that gives its customers several easy ways to buy things online.

Finja: It is a place where professionals and owners of small and medium-sized businesses can access services for payment, financing, and collection.

Braintree: It has all the tools your online or mobile business might need to accept payments.

Related:

Centbee: Story, Founders, Investors & Funding Rounds

Flexclub: Story, Founders, Investors & Funding Rounds

Valr: Story, Founders, Investors & Funding Rounds

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