Ham Serunjogi

Ham Serunjogi is the CO-Founder and CEO of Chipper Cash, since 2018/08. Chipper Cash is a venture-capital-backed Financial technology company that builds software to enable free and instant Peer-to-peer Cross-border payments in Africa and Europe; as well as solutions for businesses and merchants to process online and in-store payments.

• The Co-Founders self funded with the business with their combined savings of less than $30,000.
• The company was pitched to more than 50 VC firms, then in November 2018, 500 Startups agreed to invest $150,000.
• The company has raised $300 million from some top VCs, most recently in November 2021, at a $2.2 billion valuation.

However getting to that point required some thick skin. As Mr. Serunjogi told Forbes.com, he was asked by one VC; “Why don’t you go look for donations and grants to fund this?” Because, Mr. Serunjogi replied, this will be a profit-making business. The clueless partner persisted: “Why don’t you talk to Unicef or an impact investing firm?” The VC later told him that “regardless of what the metrics are, I have to apply a discount to this business because it’s in Africa.”

Chipper Cash now has 5 million registered users in seven countries including Uganda, Ghana, Nigeria, Rwanda, South Africa, USA and the UK.