#33: Chipper Cash - How the FinTech platform started from African remittances to become the fastest unicorn in Africa Tech history
Afrobility: Africa Tech & BusinessJuly 11, 2021
33
02:14:54185.27 MB

#33: Chipper Cash - How the FinTech platform started from African remittances to become the fastest unicorn in Africa Tech history

Overview: Today, we’re going to talk about Chipper Cash - African Fintech payments & remittances player. We’ll explore the Chipper story across 6 areas:

  1. Intra-Africa remittances context
  2. Global remittances (outside Africa to Africa) context
  3. Chipper Cash’s launch, early history, growth & fundraising
  4. Chipper Cash's Product & monetization strategy
  5. Its' competitive positioning, potential exit options
  6. End with our overall outlook.

This episode was recorded on July 11 & Aug 1, 2021.


Companies discussed: Chipper Cash, Venmo, PayPal, Square, Flutterwave, EcoBank, Safaricom, Sendwave, MTN, Airtel, Deciens Capital & Liquid2 Ventures


Business concepts discussed: Consumer FinTech (Personal Finance OS) monetization strategy, FinTech exit strategy, Intra-African Remittances, International remittances, Cryptocurrency, Decentralized Finance, Stock trading & closed-loop payment networks


Conversation highlights:

  • (01:07) - Why we’re talking about Chipper Cash
  • (06:20) - Intra-African trade context
  • (13:12) - Intra-African remittances context
  • (21:40) - Global remittances (outside Africa to Africa) context
  • (36:50) - Founder backgrounds - Ham Serunjogi & Majid Moujaled
  • (46:06) - Chipper Cash founding and early history
  • (52:30) - Fundraising and Growth - Angel, Series A, B & C
  • (1:07:25) - Product strategy
  • (1:08:25) - Monetization strategy
  • (1:35:24) - Competition - horizontal and vertical
  • (1:45:55) - Potential exit scenarios
  • (1:54:12) - Bankole’s overall thoughts and outlook
  • (2:01:32) - Olumide’s overall thoughts and outlook
  • (2:08:40) - Recommendations and small wins


Olumide’s recommendations, small wins & open questions:


Bankole’s recommendations, small wins & open questions:

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