FTX Leads $150M Investment in African Payments Company Chipper Cash

Cross-border payments company Chipper Cash has raised $150 million in an expansion of its Series C investment round led by cryptocurrency exchange FTX, according to the company.report from TechCrunch

The investment came just six months after Chipper Cash closed its fundraising round.First Round C Series $100 million in May led by SVB Capital SVB Financial Group’s Joint Venture Company

May funding investors participating in the expansion round include SVB Capital, Deciens Capital, Ribbit Capital, Bezos Expeditions, One Way Ventures and Tribe Capital.

Chipper Cash was founded in 2018 to provide peer-to-peer cross-border payments for Africans without fees. It has been used throughout Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya, and recently expanded its service to allow people in the UK and US to send money to Chipper’s African markets.

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