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Chipper Cash

Founded Year



Debt | Alive

Total Raised




Last Raised

$3.98M | 1 mo ago



About Chipper Cash

Chipper Cash develops a mobile application for cross-border money transfers. It builds software to enable cross-border payments, chipper cards, digital bill payments, and more. It allows users to send and receive cash, invest in stocks and crypto, and use it for business payment. The company was founded in 2018 and is based in San Francisco, California.

Headquarters Location

814 Mission Street 6th Floor

San Francisco, California, 94103,

United States

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ESPs containing Chipper Cash

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

Financial Services / Payments Tech

The cross-border pay & money transfer tech market offers solutions to send and receive payments domestically and internationally, while optimizing cash flow and reducing costs. These solutions are designed to address pain points such as lack of transparency, high transaction costs, payment delays, and regulatory complexities. The market includes platforms that provide access to global banking netw…

Chipper Cash named as Challenger among 15 other companies, including Ripple, Western Union, and ZEPZ.

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Expert Collections containing Chipper Cash

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Chipper Cash is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.


Unicorns- Billion Dollar Startups

1,214 items



2,673 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.



7,985 items

US-based companies


Fintech 250

499 items

250 of the top fintech companies transforming financial services



217 items


Silicon Valley Bank's Fintech Network

88 items

We mapped out some of SVB's biggest clients, partnerships, and sectors that it serves using CB Insights’ business relationship data from SVB’s profile to uncover just how important it is to the fintech universe. The list is not exhaustive.

Latest Chipper Cash News

All the new virtual USD cards were not created for me, so I won’t use them

May 24, 2023

I don’t have any virtual USD cards. Now, I am at the end of the world. I’ve been here for a while, chilling with my Spotify playlist and Mohbad’s hit, “Peace”, blasting at max volume on repeat. I pay ₦‎900 for this thing monthly and with my Kuda card. It’s not virtual. It’s physical. The card came in the fanciest package a debit card has ever come in. I still have the package, unlike the boring UBA card that came in that white envelope. My phone has been beeping with several email notifications. Showtime wants its money. Zoom says it will delete all my cloud recordings soon if I don’t renew my subcrip[tion. iCloud has only started telling me my subscription ended two weeks ago, and I need to renew, or I don’t know what it will do. The New York Times keeps sending something that reads like threatening emails. I can’t change my location from the US to Nigeria because I need to replace the debit card on my Apple account, and I can’t do that without another virtual USD card. MTN is offering six months of free Apple Music. But I can’t get it because it is not for those using American Apple Music. My problem with virtual USD cards In the past few weeks, virtual USD cards have not been stable. Nigerian fintech startups offering virtual USD cards like Chipper Cash and Payday have been blowing up their customers’ phones with a barrage of downtime notifications. Then Chipper Cash said it would charge customers ₦‎500 for every failed transaction due to insufficient funds. Will customers get ₦500 for every transaction that fails due to Chipper Cash’s or its partners’ downtime? Payday said it would deactivate users’ cards after a transaction fails consistently due to insufficient funds. Then it said that withdrawals weren’t possible, not because of the usual downtime, but because it doesn’t offer that option. It means that customers can’t withdraw their USD back to their wallet if they need the money. Klasha is offering virtual USD cards, and I’m trying to get on it. But after they collected my BVN, address and other data, I would not like to share; they needed a valid ID. But I would need to scan it, not upload the saved copy on my phone, to curb fraud. I’ll be damned if I do that. All these are supposed to be for the security of some entity, to clamp down on alarming statistics of fraud cases coming from the continent. The businesses of startups offering virtual dollar cards, according to a new Semafor analysis, are in peril because of “transactions initiated by cardholders with insufficient account balances, and dubious requests for refunds after online purchases, a scam known as chargeback fraud.” How many people have Chipper Cash taken to court for so-called chargeback fraud from its virtual USD cards? How many people have the police arrested because of transactions initiated by cardholders with insufficient account balances? Are these bogus claims? Or are these not bogus claims? Let me tell you the story of Danske Bank. Danske Bank is a high-flying commercial bank based in Denmark. Some reporting has described the bank as the largest in the country and a major retail bank in the northern European region. The story of the bank sharply changed after a years-long investigation was launched into its dealings with some of its customers. This investigation by the American authorities sought to discover whether or not Danske Bank was in on a grand scheme with some foreign actors to funnel money illegally through their branch in Estonia to gain unlawful access to the US financial system. Of course, Danske Bank didn’t say whether or not it was in cahoots with these actors. But it forfeited $2 billion last year as part of its plea agreement with the Americans. This is one of the leading commercial banks in the whole of the northern European region. The Danske Bank Mastercard Corporate Classic card has a credit limit of €2 million. The point is the banking system is deeply flawed. Denying Africans access to international transactions in a manner that is respectful and their dignity still intact will not eliminate fraud “and preserve crucial access to the world’s largest card networks,” which you guessed right, Danske Bank still has access to. But these are familiar tropes, holding black people to a different standard than the rest of the world. Insisting that these kinds of partnerships are not disrespectful but necessary if fraud is to be eliminated. Or are they not? Per JP Morgan, the American multinational financial services institution, using virtual USD cards can help fight fraud. Let that country that has been able to eliminate the human instinct to want to dubiously call the bank and tell them that they had been debited when they had not been debited be brought forward so the rest of the world can learn from it. There are real concerns about the chargeback fraud. What is alarming to me is how people are getting refunded for transactions that didn’t even go through. It comes to a head after Union54, which offered virtual USD cards to startups, “found it difficult to track all the startups that used its software to issue cards to users, such that when those entities suddenly shut down operations, it could not follow up with them to collect fees for declined transactions,” per Semafor. Multiple customers have said they have received funds from some of these startups that they didn’t know where they came from. Sometimes they were withdrawn back. Other times who knows? At the end of the day, a mobile wallet is a bank and should be operated and treated as such. Keen observers of the African startup world are already paying attention to some of these activities happening in the name of eliminating fraud perpetuated through virtual USD cards. For me, it’s time to clear my cloud, find a free news source and try out Showmax. I hear it has many HBO shows. Till then, I will remain at the end of the world, with my Spotify and Mohbad blaring into my ears with his song “Peace.” What will you do? Technext Newsletter

Chipper Cash Frequently Asked Questions (FAQ)

  • When was Chipper Cash founded?

    Chipper Cash was founded in 2018.

  • Where is Chipper Cash's headquarters?

    Chipper Cash's headquarters is located at 814 Mission Street, San Francisco.

  • What is Chipper Cash's latest funding round?

    Chipper Cash's latest funding round is Debt.

  • How much did Chipper Cash raise?

    Chipper Cash raised a total of $341.58M.

  • Who are the investors of Chipper Cash?

    Investors of Chipper Cash include FTX, Deciens Capital, Bezos Expeditions, Ribbit Capital, One Way Ventures and 13 more.

  • Who are Chipper Cash's competitors?

    Competitors of Chipper Cash include Stax, Eversend, Afriex, Leaf Global Fintech, Lemonade Finance and 11 more.

Compare Chipper Cash to Competitors

Kuda Logo

Kuda operates as a no-charge, full-service, online-only bank that offers banking services. The company offers banking services to increase access and affordability through interest-earning spending accounts with zero charges, savings account with above-average interest rates and access to low-interest instant loans. It delivers solutions including a debit card issued in partnership with Visa, quick web payments direct from the Kuda account, and location-based gift cards for shopping and subscriptions. The company was formerly known as Kudimoney Bank. It was founded in 2018 and is based in Lagos, Nigeria.

Opay Logo

OPay provides a one-stop digital payment application. It offers payments, transfers, loans, savings, and other services. OPay develops a one-stop mobile-based platform for payment, transportation, food and grocery delivery, and others. The company was founded in 2018 and is based in Lagos, Nigeria.

Eversend Logo

Eversend offers a payment platform. It offers mobile-based cross-border payments, virtual cards, crypto, stock trading, and asset-backed credit. It provides financial products and cross-border financial services. The firm was founded in 2017 and is based in Lagos, Nigeria.

Interswitch Logo

Interswitch is an Africa-focused integrated digital payments company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organizations. It was founded in 2002 and is based in Lagos, Nigeria.

Fincra Logo

Fincra provides payment solutions that enable users to accept payments securely, get settled and move money across borders. The company offers products such as collections, payouts, virtual bank accounts, and APIs for businesses, fintechs, and developers. It was founded in 2019 and is based in Toronto, Ontario.


Stax develops an application that helps Africans perform transactions offline and online. It enables users across Africa to access their bank accounts, and mobile wallets in one place without using mobile data. Stax allows users to buy airtime, send and request money, and transfer funds between accounts via automated USSD codes. The company was founded in 2020 and is based in Nigeria.

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