Chipper Money resumes US operations two months after pausing providers

Chipper Money resumes US operations two months after pausing providers

Chipper Money, a pan-African fintech startup, has resumed operations within the US after a two-month pause, and after a restructuring train that noticed the corporate remove all US and UK roles, focusing its employees presence in Africa. Now, US-based clients can as soon as once more ship cash to family and friends in Chipper Money’s African markets in Nigeria, Ghana, Rwanda, and Uganda.

The corporate stated in an announcement that its “optimised account top-up expertise now gives clients with devoted checking account particulars. Sending cash household and buddies throughout Africa has by no means been simpler.”

Chipper has additionally requested clients to replace the Chipper app on Apple app retailer and Google Play to impact the modifications. 

A 12 months in the past, Chipper Money launched operations within the US and secured cash transmitter licenses in all 50 states within the nation. Connor Headrick Chief of Workers, said that “these 40 licenses, along with the 15 we maintain throughout the continent, additional strengthens our world licensing portfolio to 55 licenses worldwide and is a testomony to our world attain and dedication to regulatory compliance,” 

The push to broaden its providers was nonetheless halted in January when an unspecified banking partnership fell by, forcing Chipper Money to pause its US cash switch providers. 

With over $305 million raised in funding throughout 6 rounds led by Ribbit Capital and Bezos Expeditions, Chipper advised TechCabal that it has 5 million verified customers, with 1.4 million clients actively utilizing the platform each quarter.

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