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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.