Chipper Cash, a venture-capital-backed cross-border payments firm based in San Fransico has expanded its operations to Nigeria in its pan-African expansion.
The free and instant Peer-to-peer Cross-border payments firm sees its entry into Nigeria as a no-brainer being sub-Saharan Africa’s largest economy and with the highest population on the continent.
Founded Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled, Chipper offers free P2P mobile money services unlike other mobile money providers. The firm also aggregates several mobile money wallets and bank accounts onto its platform allowing customers to enjoy its super wallet status.
“Chipper is going continental. We are adding more African countries in 2019 and hope to cover the continent in some few years. This way, we will be contributing to connecting our African nations in terms of trade and financial transactions/ financial harmonization,” announced the company.
Chipper Cash also processes online and in-store payments for merchants via its Chipper Checkout apart from peer-to-peer transfers·
The platform allows customers not only to send and receive money but to buy products and services from vendors via its Chipper Checkout which uses a simple QR code for payments.
Unlike other platforms, among others Chipper allows customers to move money across borders and it takes care of forex for the customer. With offices in Ghana and Kenya, Chipper Cash is partnering with PayStack to launch in Nigeria and will be run by Abiodun Animashaun, co-founder of Gokada who is Chipper Cash’s country manager in Nigeria.
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The firm says it has more than 70,000 active users and has processed 250,000 since launch of its P2P platform. Chipper Cash will launch both its P2P and its business platform Chipper Checkout in Nigeria.
Chipper Cash is backed by Decines, 500 Startups and Liquid 2 Ventures.
