Chipper Cash, an African cross-border payments company is valued at 2 billion USD. And for good reason, the company raised $150 million in a Series C extension round.

The company's strategy is to provide the "best price" while facilitating money transfers from Africa to the United States. The round was led by Sam Bankman-Fried's FTX cryptocurrency exchange, Deciens Capital, and One Way Ventures, among others. Peer-to-peer money transfers from the US to Nigeria and Uganda, he points out, are now available for customers in those countries. Before the end of the year, the service will be available for customers in Ghana, South Africa and Kenya, the company's boss informed. Chipper Cash is FTX's first African investment. Africans who use the FTX crypto trading platform will be able to “pay with Chipper Cash” on the crypto trading platform.