This Ugandan Founder Raised $300M

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From a Simple MVP to a $300M Fintech Giant (Be Next)

📍 Kampala, Uganda → San Francisco, USA

Ham Serunjogi was just another ambitious student at Grinnell College in the U.S.

But back home in Uganda, he had seen how expensive and slow cross-border payments were.

Banks charged high fees. Mobile money had limitations. And sending money between African countries? A nightmare.

Ham believed there had to be a better way.

So he and his co-founder Maijid Moujaled built an MVP of Chipper Cash—a zero-fee money transfer app for Africa.

Their early users? Friends and family.

At first, investors weren’t interested.
"African fintech is too risky," they said.

But Ham and Maijid didn’t listen.

They bootstrapped. They proved demand. They grew their user base.

Then came the breakthrough:

In 2020, Jeff Bezos' fund led a $30M round into Chipper Cash.

Since then, they’ve raised over $300M, expanded into seven African countries, and now process billions in transactions.

The lesson?

• Build a simple MVP. Get real users.

• Solve a problem people actually care about.

• Funding follows traction—not just a pitch deck.

Startups Currently Raising

These startups are actively fundraising.

Who will be the next success story?

🔹 Xente (Uganda) – A digital payments & lending platform for African businesses.

🔹 Wowzi (Kenya) – AI-powered influencer marketing, helping brands scale.

🔹 Refive (Germany) – A digital loyalty platform for brick-and-mortar retailers.

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Big ideas start small.

What are you building?

Stay focused, keep testing, and let traction do the talking.

— Marco

📩 PS: Hit reply & share your startup story—we’d love to hear it!