Home Latest Insights | News Chipper Cash Raises $150M at Valuation of $2 Billion; Expect 15 Unicorns in Africa by 2023

Chipper Cash Raises $150M at Valuation of $2 Billion; Expect 15 Unicorns in Africa by 2023

Chipper Cash Raises $150M at Valuation of $2 Billion; Expect 15 Unicorns in Africa by 2023

My prediction is that Africa-focused startups will give us 15 unicorns (companies at valuation of at least $1 billion) by 2023 and at least one startup in Tekedia Capital portfolio will be among them; we have two on the path. Currently, Africa has about (public) 5 unicorns: Interswitch, Andela,  Flutterwave, OPay, and Wave. (I do think Paga and Twiga Foods are possibly unicorns now.)

Today, Chipper Cash, Chipper Cash, an African cross-border payments company, which just raised $150 million, at a valuation of $2 billion has extended the number. This investment comes barely six months after Chipper Cash closed its first Series C round of $100 million.

Africa, this is our time. A great season of entrepreneurial capitalism. I woke up speaking with one this morning and the news was great. Half-way to $100 million. If you ever want to support these startups, consider Tekedia Capital Syndicate – we are actively investing in a new batch of seven.

Tekedia Mini-MBA (Feb 5 – May 4, 2024) has started; registration continues here.

Tekedia AI in Business Masterclass opens registrations here.

Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.

 


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Tekedia Mini-MBA edition 13 (Feb 5 - May 4, 2024) has started, join Prof Ndubuisi Ekekwe and our global faculty here.

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