How Chipper Cash Convinced Joe Montana To Invest In African fintech

Written by Staff
Joe Montanta
Former San Francisco 49ers quarterback Joe Montana speaks at a ceremony commemorating “The Catch” to unveil a statues of himself and wide receiver Dwight Clark before an NFL football game between the 49ers and the Los Angeles Rams in Santa Clara, Calif., Sunday, Oct. 21, 2018. Clark caught a touchdown pass, known as “The Catch,” from Montana in the NFC Championship game to beat the Dallas Cowboys on Jan. 10, 1982. (AP Photo/Tony Avelar)

The African no-fee, cross-border payment startup Chipper Cash has raised a $2.4 million seed round led by Deciens Capital.

The payments company also persuaded 500 Startups and Liquid 2 Ventures — co-founded by Joe Montana — to join the round.

Chipper Cash’s Ugandan chief executive, Ham Serunjogi, pitched the U.S. football legend directly. “He was quite excited about what we’re doing and his belief that the next wave of [tech] growth will come from…Africa,” Serunjogi told TechCrunch.

Story from TechCrunch. Story by Jake Bright.

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Chipper Cash went live in October 2018, joining a growing field of fintech startups aiming to scale digital finance applications across Africa’s billion-plus population.

The venture Serunjogi co-founded with Ghanaian Maijid Moujaled offers no-fee, P2P, cross-border mobile-money payments in Africa.

Based in San Francisco — with offices in Ghana and Nairobi — Chipper Cash has processed 250,000 transactions for more than 70,000 active users, according to Serunjogi.

Based in San Francisco — with offices in Ghana and Nairobi — Chipper Cash has processed 250,000 transactions for more than 70,000 active users, according to Serunjogi.

Read more at TechCrunch.