“Jeff Bezo’s backing of Chipper Cash will widen the company’s product suite through inclusion of more business payment solutions, crypto-currency trading options and investment services,” the company said in an e-mailed statement.
Chipper Cash enables instant cross-border mobile money transfers in Africa and abroad and will use the funds for expansion into countries it will announce in 2021. The company has three million users on its platform across Ghana, Uganda, Kenya, Tanzania, Rwanda, Nigeria and South Africa, and processes an average of 80 000 transactions daily, according to the statement.
See Jeff Bezos invests in Africa-focused fintech start-up – TechCentral
Jeff Bezos has agreed to back Africa-focused financial technology company Chipper Cash, making it his first start-up investment on the continent.