Fintech
Chipper Cash restarts operations in the United States
Chipper Cash, a pan-African fintech startup, has resumed operations in the United States after a two-month hiatus and following a restructuring exercise that saw the company remove all US and UK roles, concentrating the presence of its staff in Africa. Now, US-based customers can once again send money to friends and family in Chipper Cash’s African markets in Nigeria, Ghana, Rwanda and Uganda.
The company said in a statement that its “optimized account top-up experience now provides customers with dedicated bank account details. Sending money to family and friends across Africa has never been easier.”
Chipper has also asked customers to update the Chipper app on the Apple app store and Google Play for the changes to take effect.
A year ago, Chipper Cash launched operations in the United States and secured money transfer licenses in all 50 states of the country. Connor Headrick Chief of Staff, She said that “these 40 licenses, in addition to the 15 we hold across the continent, further strengthen our global license portfolio to 55 licenses worldwide and are a testament to our global reach and commitment to regulatory compliance,”
The push to expand its services was halted in January, however, when an unspecified banking partnership collapsed, forcing Chipper Cash to suspend its money transfer services in the United States.
With over $305 million raised in funding across 6 rounds led by Ribbit Capital and Bezos Expeditions, Chipper told TechCabal it has 5 million verified users, with 1.4 million customers actively using the platform each quarter.