Our mission has always been to provide seamless, accessible financial solutions that empower our customers across Africa and beyond. In pursuit of this vision, we are excited to announce a significant milestone in our journey: Chipper Cash has been granted a broker-dealer license by the Ghana Securities and Exchange Commission.
Our customers in Ghana will soon be able to access fractional US stocks, enabling the ability to invest in high-priced stocks or ETFs with smaller amounts of money. Further to this, the newly issued license also enables direct market access, meaning faster trade execution and better pricing for our customers. The acquisition of this license serves as a reiteration of our commitment to broadening financial access, offering our customers in Ghana new pathways to engage with financial markets and build wealth.
The broker-dealer license is part of a broader framework of regulatory approvals that Chipper Cash has secured in Ghana and across the globe. More specifically to Ghana, this license builds on our already existing Enhanced Payment Service Provider license issued by Bank of Ghana. With over 55 licenses globally, including in key markets like the U.S., we continue to lead the way in financial innovation within Africa and beyond.
Compliance with local regulations is not just a formality. It is central to our ethos of trust, security, reliability, and long-term growth. It is essential for every entity that enters a market to adhere to the rules and regulations set by regulatory bodies. This not only ensures longevity but also protects our customers. We are excited to bring innovation in financial markets to Ghana.
Stay connected with us as we roll out these new products and features, continuing our mission to empower our customers across the Continent with the tools and opportunities to achieve their financial goals, all from the convenience of the Chipper Cash App.