Listed on the Fintech 50 list of 2022 by Forbes are Chipper Cash and Esusu, two African-owned startups. Esusu, co-owned by Ghanaian Abbey Wemimo, founded in 2018 alongside Samir Goel. It aims to include everyone on the journey from financial identity and stability toward financial wellness and wealth building.
According to the startup, it aims to create fair financial access for everyone. Your background, the color of your skin, and your financial identity should never determine where you end up in life. The Esusu platform provides rent reporting, rich property management analytics, and rental help.
Forbes described Chipper Cash as “One new standout is Chipper Cash. A San Francisco-based startup launched by two twenty-something. helping Africans transfer money cheaply, buy U.S. stocks and invest in crypto. This startup, founded in 2018 by two Africans, Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled. Their progress has attracted the attention of Jeff Bezos, CEO of Amazon and one of the world’s richest men. Raising $30 million in a series B funding round led by Ribbit Capital with participation.
Jeff Bezos’s personal venture capital fund, Bezos Expedition. Therefore, makes it the first investment in an African startup for Bezos’ fund, which has also backed global tech brands. This including Uber, Twitter, and AirBnB.
Chipper Cash’s latest funding came after it raised $13.8 million in a Series A round. Bezos’ investment in adding him to the list of high-profile individuals that has placed a bet on an African tech startup.