# ChapChap Africa

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chapchap-africa

- Industry: Financial Services
- Headquarters: Kampala, Uganda
- Website: www.chapchap.co
- Latest round: Seed (Feb 8, 2022)
- Investors on record: 1

## About

Based in Kampala, Uganda, and founded in 2016, ChapChap Africa Limited is a financial technology company that generates safe financial profiles for MSMEs. Emmanuel Emodek and James Alituhikya, along with Monica Asiimwe Kiconco, are the co-founders of the company. In February 2022, ChapChap Africa Limited raised an undisclosed amount of seed funding led by new investor Nordic Impact Funds.

The company uses its "Merchant App" (android software) to help MSMEs formalize portions of their businesses. Small businesses can use the application to open mobile money agencies, track all transactions in the store, and build a credit profile for MSMEs.

The company provides business and individual applications. The business application offers a mobile point of sale, sales recording, inventory management, e-payments, tracking expenditure, mobile money agency, and unsecured credit. The individual applications offer mobile top-ups, remittances, and pay utilities.

The company plans to use the seed funding received in February 2022 to accelerate its expansion within and beyond the Ugandan market.

## Funding rounds

- Seed, Feb 8, 2022 — Nordic Impact Funds

## Investors

- Nordic Impact Funds (https://capitalatlas.ai/funds/nordic-impact-funds) — Seed