Jeff Bezos just became the latest big tech name to invest in an African fintech startup

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Over the past five years, high-profile visits to African tech ecosystems by Facebook CEO Mark Zuckerberg, Twitter CEO Jack Dorsey, Google CEO Sundar Pichai and Alibaba founder Jack Ma have been signposted as marks of validation.Now, Jeff Bezos, CEO of Amazon and the world’s richest man, can be added to the list of global tech leaders drawn to the promise of African technology startups.Chipper Cash, a cross-border, peer to peer payments service, has raised $30 million in a Series B funding round led by Ribbit Capital with participation from Bezos Expeditions, Jeff Bezos’s personal venture capital fund. It’s the first investment in an African startup for Bezos’ fund which has also backed global tech brands including Uber, Twitter, and AirBnB.The company, which was founded by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled in 2018, has since deployed its payments service in seven  African countries—Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa, and Kenya—and reached $100 million in monthly payments processed last June. Chipper Cash’s latest funding comes after it raised $13.8 million in a Series A round six months ago.Having already notched 3 million users and an average of 80,000 daily transactions, Chipper Cash is now looking …

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