Africa’s booming fintech scene has Jeff Bezos back for more ...Middle East

Economy by : (Quartz) -
Fintech remains the most funded sector in Africa’s startup ecosystem. Chipper Cash, a cross-border, peer-to-peer payment service, further substantiated this with yet another huge investment.The fintech startup, which was founded by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled in 2018, closed a $100 million Series C round this week which it will use to introduce more products and grow its team. This latest infusion brings investments in the company over the last year to $143.8 million, reportedly making it Africa’s sixth unicorn. This is in addition to the $8.4 million raised in two seed rounds in 2019.The company’s Series A and Series B rounds last year raised $13.8 million and $30 mil

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