Financial tech is one the rise in Africa, a region that desperately needs more payment solutions. Chipper Cash is a company that’s been working to open up the continent to cross-border transactions, and they just now scored $100 million in additional funding.
This Series C was led by SVB Capital, a Silicon Valley-based investment group, along with Deciens Capital, Ribbit Capital, Bezos Expeditions, One Way Ventures, 500 Startups, Tribe Capital, and Brue2 Ventures. This beat out their $30 million Series B by Ribbit Capital and Jeff Bezos’s fund Bezos Expeditions.
“Obviously, we’re not getting into our valuation, but we’re probably the most valuable private startup in Africa today after this round. So that’s a reflection of the environment that regulators like CBN have created to allowed innovation and growth,” commented CEO Ham Serunjogi in a recent TechCrunch article.