Chipper Cash, a cross-border payment startup has raised a $2.4 million seed round led by Deciens Capital.
500 Startups and Liquid 2 Ventures also participated in the round to fuel the 2018 founded company that aims to scale digital finance applications across Africa.
Founded by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled, the San Francisco based company has operations in a number of countries in Africa and has processed 250,000 transactions since launch.
With the raise, Chipper Cash is launching Chipper Checkout: a merchant-focused, C2B mobile payments product and as well expand beyond Ghana, Kenya, Rwanda, Tanzania and Uganda.
Chipper Cash offers instant cross-border mobile money transfers in Africa as easy as sending a text message. All transactions on Chipper Cash are free. The platform also allows interoperability to connect multiple mobile money accounts to a user’s Chipper Cash wallet. Users can also use Chipper to transfer money across your various accounts or send to someone else.