Chipper Cash
Chipper Cash is a financial technology company operating in over 21 African countries, offering services such as international money transfers, virtual Visa cards, and fractional share investments. It supports over 5 million users and provides seamless transactions for both individuals and businesses.
Services
Chipper Cash provides a comprehensive suite of financial services. These include payments, cash transfers, digital cards, and investing in stocks. The platform supports international money transfers with low cross-border rates, allows bill payments without fees, and offers instant airtime top-ups with cashback rewards. Their business services feature bulk payments, collections across Africa, increased transaction limits, and dedicated customer support. Chipper Cash also offers a seamless API for business integrations and supports transactions in multiple currencies and markets.
Products
Chipper Cash offers a variety of financial products, including the Chipper Card for global online payments, which is accepted wherever Visa is recognized. Users can also invest in fractional shares of global companies starting with just $1 through the Chipper Stocks service. Additionally, virtual Visa cards are available for online purchases, streaming, and subscriptions. The platform supports seamless disbursements and collections to mobile wallets and bank accounts, and processes over 250,000 transactions per day.
Operations Across Africa
Chipper Cash operates in 21+ African countries, including Ghana, Rwanda, Nigeria, Uganda, and South Africa. It supports payments to and from mobile money and bank accounts in real time. The platform offers bulk payments and collections across Africa, empowering businesses to transact efficiently throughout the continent. Additionally, it provides services such as instant airtime top-ups, bill payments, and international money transfers with low rates.
Strategic Partnerships
Chipper Cash has established several strategic partnerships to enhance its offerings. Notably, it has partnered with Visa to improve global shopping solutions for Nigerians. Chipper Cash has also formed partnerships with high-profile individuals and organizations, including an investment from Jeff Bezos and partnerships with Burna Boy and Twitter Tips integration.
User Community
Chipper Cash boasts a robust community of over 5 million users. The platform supports seamless transactions, with over 1,000,000 virtual Visa Chipper Cards issued and more than 250,000 transactions processed each day. Chipper Cash's dedicated user base benefits from various services, including instant airtime top-ups with cashback rewards, bill payments without additional fees, and the ability to invest in US public companies.
Funding and Growth
Chipper Cash has demonstrated significant growth, evidenced by raising over $100 million in a Series C funding round led by Silicon Valley Bank. The continuous support from high-profile investors highlights the company's potential and its commitment to expanding financial services across Africa and beyond.