SF-based African fintech startup Chipper Cash expands to Nigeria

6 September 2019

Money Transfer

The African no-fee, cross-border payment startup Chipper Cash has expanded to Nigeria.

The San Francisco-based startup, with offices in Ghana and Kenya, will offer its P2P payment service and app in Africa’s most populous nation in partnership with Paystack — the payment gateway company. Paystack CEO Shola Akinlade confirmed the collaboration.

Chipper Cash will establish a company presence in Lagos and has hired a country manager, Abiodun Animashaun, co-founder of Lagos-based ride-hail startup Gokada.

Animashaun is one of two senior figures departing African tech ventures to join Chipper Cash. Alicia Levine will leave Nairobi-based internet hardware and service startup BRCK to become Chipper Cash’s chief operating officer, according to Chipper Cash CEO Ham Serunjogi.

The startup went live in October 2018, joining a field of fintech startups aiming to scale digital finance applications across Africa’s billion-plus population.

Chipper Cash was co-founded by Serunjogi (from Uganda) and Ghanaian Maijid Moujaled, both of whom emigrated to the U.S. to study and work in Silicon Valley.

The fintech company now has more than 70,000 active users and has processed 250,000 active transitions on its no-fee, P2P, cross-border mobile-money payments product.

Source: Tech Crunch