The San Francisco based innovative fintech company Chipper Cash has continued efforts to build strongholds in Africa as it strengthens market positions in seven African countries. Backed by the world’s richest man, Jeff Bezos, Chipper Cash enables customers to make cross border payments into and across Africa that are seamless and affordable. Chipper Cash recently secured a US$30 Million Series B funding round led by Ribbit Capital with participation from Bezos Expeditions — the personal venture capital fund of Amazon CEO Jeff Bezos, the world’s richest man — to expand its products and geographic scope.
As part of efforts aimed at strengthening presence in central Africa, Chipper made some new management changes especially in Rwanda with the appointment of Jovani Ntabgoba as Country Manager for Rwanda. Ntabgoba earlier worked as Country Director of N-Frnds Ltd, General Manager of kLab and investment advisory to Japanese Tech companies. This move comes in a bid to strengthen Chipper Cash’s presence on the Rwandan Market.
Ntabgoba said that “Rwanda is strategically positioned as both an innovation hub and a financial hub. The Rwandan government has set up sound business regulations, state of the art ICT infrastructures, academia and Rwanda Finance Limited among others. Chipper Cash is strengthening its presence in Rwanda so as to leverage these services and better serve both Rwanda and other African markets seamlessly.”
Customers in Rwanda can use Chipper Cash for both Android and Apple devices. Customers can then link a mobile money account to credit their Chipper wallet. Once a wallet has funds, customers can then send money to other Chipper users including in other countries. Using Chipper allows those transfers to occur instantly and securely at the lowest rates. Chipper Cash was first introduced publicly in Kenya in August of 2018. It now has over 3.5 million users and is available in the following countries: United Kingdom, Kenya, Tanzania, Uganda, Ghana, Nigeria, South Africa, and Rwanda.
“Chipper’s mission is to unlock global opportunities and bring Africa together, one transaction at a time. With our recent round of funding and opening of the UK to Africa remittance corridor, more people will be able to use Chipper to send money to loved ones and grow their businesses at home and abroad,” explains Alicia Levine, Chipper Cash, Chief Operating Officer. Among other past experiences, Ntabgoba served as Sales and Marketing Manager at Kigali Today Ltd.
Chipper Technologies, Rwanda Ltd., “Chipper Rwanda” is a private company, incorporated in Rwanda in 2019. Chipper Rwanda ensures the smooth local operations and legal obligations of activities carried out in Rwanda for Rwandan customers utilizing Chipper Cash in Rwanda. Chipper Rwanda team members provide daily support to customers using the Chipper Cash App and also provide feedback to the global team regarding local operational issues and market needs. Chipper Rwanda is a subsidiary company of Critical Ideas, Inc., based in the United States.