Biography Of Ham Serunjogi (Age , Net Worth) – Chipper Cash, a pan-African cross-border payment company owned by Ugandan tech entrepreneur and multimillionaire billionaire Ham Serunjogi, is going to purchase Zoona Transactions International, a Zambian fintech startup (Zoona).
The anticipated purchase of Zoona, a mobile technology business that creates goods including money transfers, electronic voucher payments, and agent payments, matches with Chipper Cash’s aspirations to extend its operations by adding additional online services and a new agent network.
Serunjogi’s payment firm would take over all services under the Tilt Africa brand, which has processed more than $3 billion in transactions since its launch in 2008. The agreement is still subject to regulatory clearance.
The transaction will allow the payment company to expand in the Zambian market by expanding its product suite to include additional online services and an agent network, allowing it to meet its goal of providing the most trusted and accessible financial products for people living in Africa and beyond.
Zoona’s purchase, according to Laura Kennedy, VP of corporate development at Chipper Cash, would give the Zambian fintech firm with “amazing innovation, a terrific partner network, complementary products and services, and skilled in-country teams.”
The purchase, according to Zoona Co-Founder and CEO Brett Magrath, would allow the two firms to combine their expertise to link consumers and businesses throughout the continent while presenting themselves as Africa’s first-choice supplier of financial services.
Chipper Cash, a cross-border payment platform created in 2018 by Serunjogi and his Ghanaian business partner Maijid Moujaled, offers fee-free peer-to-peer payments in seven African countries: Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa, and Kenya.
Since its founding nearly five years ago, it has garnered $300 million in venture capital investment at a $2.2-billion valuation, and it also has an operational foothold in the UK, facilitating money transfers from the nation to African markets.