# Chipper Cash

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chipper-cash

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.chippercash.com
- Total disclosed funding: $230M
- Latest round: Series C (Oct 29, 2021)
- Investors on record: 16

## About

Based in California, US, and founded in 2018 by its CEO, Ham Serunjogi, and co-founder, Maijid Moujaled, Critical Ideas, Inc., doing business as Chipper Cash, operates as a financial technology platform that enables users to send money anywhere in different countries and currencies. In November 2021, Critical Ideas, Inc. raised USD 150 million in series C funding led by FTX Trading LTD., with Deciens Capital and Bezos Expeditions. As of November 2021, the company operates in Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa, and Kenya with around 4 million users.

Critical Ideas, Inc.'s platform allows users to send and receive money across international borders quickly at the lowest possible prices. It also provides a Chipper card for online transactions, the ability to invest in cryptocurrency with as little as 16 Rand and 3500 UGX, and a platform that allows users to buy fractional stock shares with the lowest fees. It provides a Network API for businesses to receive payments, send rewards, and administer their operations online.

Critical Ideas, Inc. intends to use the November 2021 funding to roll out the services for its users in Ghana, South Africa, and Kenya within 2022.

## Funding rounds

- Series C, Oct 29, 2021, $110M — SVB Capital, Ribbit Capital, Deciens, Bezos Expeditions, One Way Ventures, Tribe Capital, FTX Trading Ltd.
- Series C, May 21, 2021, $77M — SVB Capital, 500 Global, Ribbit Capital, Deciens, Bezos Expeditions, One Way Ventures, Tribe Capital, Brue2 Ventures
- Series B, Nov 13, 2020, $30M — Ribbit Capital, Deciens, Bezos Expeditions, One Way Ventures, TEN13, 500 Fintech LP
- Series A, Jun 1, 2020, $6.5M — 500 Global, Raptor Capital Management, Deciens, Liquid 2 Ventures, Transition Level Investments, One Way Ventures, Catalyst Fund, TEN13
- Seed, Dec 16, 2019, $4.3M — 500 Global, Raptor Capital Management, Deciens, Catalyst Fund
- Seed, May 9, 2019, $2.1M — 500 Global, Deciens, Liquid 2 Ventures, Transition Level Investments, Bossa Nova Investimentos, One Way Ventures, Catalyst Fund

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series A, Series C
- Deciens (https://capitalatlas.ai/funds/deciens) — Seed, Series A, Series B, Series C
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed, Series A
- Transition Level Investments — Seed, Series A
- Bossa Nova Investimentos (https://capitalatlas.ai/funds/bossa-nova-investimentos) — Seed
- One Way Ventures (https://capitalatlas.ai/funds/one-way-ventures) — Seed, Series A, Series B, Series C
- Catalyst Fund (https://capitalatlas.ai/funds/catalyst-fund) — Seed, Series A
- Raptor Capital Management (https://capitalatlas.ai/funds/raptor-capital-management) — Seed, Series A
- TEN13 (https://capitalatlas.ai/funds/ten13) — Series A, Series B
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series B, Series C
- Bezos Expeditions — Series B, Series C
- 500 Fintech LP — Series B
- SVB Capital (https://capitalatlas.ai/funds/svb-capital) — Series C
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Series C
- Brue2 Ventures — Series C
- FTX Trading Ltd. — Series C