Chipper Cash, a fintech platform conceived by Ham Serunjogi and Maijid Moujaled, in 2018 has raised $100 million Series C funding, making it the fifth African startup to achieve unicorn status.
The platform was created to aid payments across countries in Africa and has continued to make strides that have culminated in its unicorn status.
Leading the Series C funding round was an investment company, SVB Capital, a subsidiary of Silicon Valley Bank.
Other participants include Jeff Bezos’ fund firm, Bezos Expeditions, 500 Startups, Ribbit Capital, Deciens Capital, Brue2 Ventures, and Tribe Capital.
Prior to this funding round, Chipper Cash had, in June 2020, raised $13.8 million Series A led by Deciens Capital, and other participatory investors, and in November 2020, it raised $30 million Series B led by Ribbit Capital and Bezos Expeditions.
African fintech company, Chipper Cash, raises $100m
Temitayo Jaiyeola
Published 31 May 2021
Chipper Cash, a fintech startup that facilitates cross-border payment across Africa has raised $100 million in a Series C round. This was disclosed by TechCrunch on Monday.
SVB Capital, the investment arm of US high-tech commercial bank, Silicon Valley Bank, led this. Other investors in this round include existing investors Deciens Capital, Ribbit Capital, Bezos Expeditions, One Way Ventures, 500 Startups, Tribe Capital, and Brue2 Ventures.
On TechCrunch, Chipper Cash CEO, Ham Serunjogi said, “We’re not commenting on the size of our valuation publicly. One of the things that I’ve been quite keen on internally and externally is that the valuation of our company has not been a focus for us. It’s not a goal we’re aspiring to achieve. For us, the thing that drives us is that we have a product that is impactful to our users.”
Treasury Prime Raises $20 Million in Insider Round
Series B Raise Caps 12 Months of Accelerating Growth with New Bank Partners and Over 50 Fintech Customers
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SAN FRANCISCO, May 12, 2021 /PRNewswire/ Treasury Prime (
https://treasuryprime.com), the leading Banking as a Service (BaaS) company, today announced that it has completed a $20 million Series B insider round co-led by Deciens Capital and QED Investors and with participation from SaaStr Fund, and Susa Ventures. Dan Kimerling, co-founder and managing partner at Deciens Capital, will join the board of directors. The new capital will be used to accelerate go-to-market programs and to expand the company s sales, marketing, and engineering teams.
Treasury Prime, a San Francisco, CA-based Banking as a Service (BaaS) company, completed a $20m Series B insider round.
The round was co-led by Deciens Capital and QED Investors with participation from SaaStr Fund, Pacific Western Bank, and Susa Ventures. In conjunction with the funding, Dan Kimerling, co-founder and managing partner at Deciens Capital, will join the board of directors.
The company intends to use the funds to accelerate go-to-market programs and to expand sales, marketing, and engineering teams.
Led by Chris Dean, co-founder and CEO, Treasury Prime is a Banking as a Service (BaaS) company that connects banks and fintechs through an API allowing developers to build and launch apps quickly. Treasury Prime’s full integration into core banking systems gives developers access to a wide range of banking services from opening accounts to making payments to issuing cards.