Chipper Cash is currently valued between $1-2bn. The company started three years ago. It raised a $13.8m Series A round from Deciens Capital and other investors in June 2020. It raised another $30m Series B led by Ribbit Capital and Jeff Bezos fund Bezos Expeditions in November 2020. The company has raised a total of $143.8m within a year. However, it had raised $8.4m raised in two seed rounds back in 2019, which brings the total amount raised to $152.2m.
Chipper Cash plans to roll its investment service in Nigeria and Uganda soon. Although the company is presently engaging Nigerian regulators. “Nigeria has probably the most exciting and vibrant tech ecosystem in Africa. And that’s credited directly to CBN for creating and fostering an environment that allowed multiple startups like ourselves and others like Flutterwave to blossom,” Serunjogi added.