App that lets customers in five African countries, the U.S. and the U.K. pay bills, make cross-border money transfers and buy bitcoin. It earns revenue through foreign-exchange fees and crypto brokerage commissions. Chipper grew from roughly two million registered users in 2020 to more than five million by the end 2021. One-third of its 350 employees are U.S.-based.
Funding: $280 million from Deciens Capital, FTX Ribbit Capital and others.
Latest valuation: $2.2 billion.
Bona fides: Revenue grew from $18 million in 2020 to more than $75 million in 2021.
Cofounders: Ugandan native Ham Serunjogi, 28,... Read More
App that lets customers in five African countries, the U.S. and the U.K. pay bills, make cross-border money transfers and buy bitcoin. It earns revenue through foreign-exchange fees and crypto brokerage commissions. Chipper grew from roughly two million registered users in 2020 to more than five million by the end 2021. One-third of its 350 employees are U.S.-based.
Funding: $280 million from Deciens Capital, FTX Ribbit Capital and others.
Latest valuation: $2.2 billion.
Bona fides: Revenue grew from $18 million in 2020 to more than $75 million in 2021.
Cofounders: Ugandan native Ham Serunjogi, 28, is CEO; CTO Maijid Moujaled, 30, grew up in Ghana; the pair met at Grinnell College in Iowa. Read Less