Chipper was founded in 2018 on the idea that money should move freely across the continent. Since then, we’ve been on a mission to make this a reality.
Today, Chipper is available across seven countries on the continent, and earlier this year, we expanded our footprint to include the UK. Along the way, we’ve also been fortunate enough to be joined on our journey by some fantastic investors, including Ribbit Capital, Jeff Bezos’ Expeditions fund and most recently SVB, who led our $100m Series C round of funding.
Today we’re excited to announce that we’re taking a significant step in expanding our reach on the continent by launching Chipper in South Africa!
We’re On A Mission To Make It Easy, Affordable And Fast To Send Money Across South Africa
Today in South Africa, moving money is still slow and costly, with transactions taking up to 48 hours to get to their destination and costing up to 2% to send.
We believe sending money shouldn’t be costly or take days to receive. That’s why we’re launching with the best way to send money peer to peer in South Africa. Using the Chipper app, we make it fast, free and easy to send money to your friends or family in South Africa.
All you need to do to get started is download our app and connect it to your local bank account, and then you can start sending money to other Chipper customers in South Africa free and instantly.
We’re Only Just Getting Started
This is just the beginning for us in South Africa.
The ability to send money to friends and family wherever they are in Africa should be as easy as pushing a button on your phone. However, as we all know, that’s not the case today. It’s still astronomically expensive to send money across borders on the continent. That’s why we’ll soon be making it easier for the more than 24.3m domestic remittance users and 7.7m inter-provincial migrants who send R157b each year home to their family and friends.
We believe that by providing the best and most affordable way to do this, we can help formalise what is currently done through informal channels, thus making it safer to send money across to and from South Africa.
Stay tuned for more information about the new product we’ll be launching in South Africa - this is just the beginning, and we’ll have much more to announce very soon.
Want to start using Chipper Cash in South Africa? Download the Chipper Cash app today!