“Can a single app become the financial OS for Africans — from intra-African P2P to global USD spending and investing?”
Founded 2018 by two African expats from Silicon Valley to make P2P money transfers across Africa frictionless and free. Grew rapidly through the 2020-2021 funding boom, hitting unicorn status with FTX as lead investor in late 2021 — a relationship that became awkward after FTX's collapse. Has since pivoted toward becoming a broader financial OS for Africans: cross-border remittances, virtual Visa cards for global spending, US stock investing, and a B2B Network API (Chipper for Business / Tilt) for enterprise disbursements and collections across the continent. Recent moves into stablecoin rails via Bridge signal a shift toward crypto-backed cross-border settlement.
Chipper Cash discloses Railsr (Railsbank) as its banking provider, according to the Embedded Finance Index 2026.
Chipper Cash does not disclose a bank charter of its own; its banking services are provided through Railsr (Railsbank).
Chipper Cash processes payments through Chipper Network API (self-operated) and Tilt Pay (self-operated).
Chipper Cash's cards run on Visa.
Chipper Cash uses Chipper Network API (self-operated) for FX and cross-border payouts.
Chipper Cash's crypto products run on Bridge.
Chipper Cash's investing and wealth products are powered by DriveWealth.
The Embedded Finance Index 2026 maps 6 layers in Chipper Cash's stack: Payments / PSP (Chipper Network API (self-operated) and Tilt Pay (self-operated)); Banking / BaaS (Railsr (Railsbank)); Card network (Visa); FX & payouts (Chipper Network API (self-operated)); Crypto (Bridge); Investing (DriveWealth).
Chipper Cash was founded by Ham Serunjogi and Maijid Moujaled and is founded in 2018, headquartered in San Francisco, CA, USA.
Chipper Cash has raised $305M+ in total (latest round: Series C extension, November 2021; valuation: $2B+ (Nov 2021)).
Get a read on where your own stack stands against Chipper Cash and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.