Fintech Company Chipper Cash, Launches “African To The World” Campaign Ahead Of The WorldCup – Investors King Ltd

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African cross-border payment company Chipped Cash has launched the “Africa to the world” campaign.
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With the preparations for the 2022 Fifa Worldcup in top gear, African cross-border payment company Chipped Cash has launched the “Africa to the world” campaign.
This campaign aims to send football fans from three African supporter clubs to experience the 2022 FIFA World Cup that will be held in Qatar.
This campaign aims to fundraise over USD 50,000 to provide selected fans with travel, accommodation, and entry tickets to the matches of the three qualifying African teams Cameroon, Ghana, and Senegal that are participating in the tournament.
The fintech company has already set the ball rolling, and has already taken the lead by injecting USD 30,000 into the fundraising campaign.
Vice President of Global Marketing at Chipper Cash Hasan Luongo disclosed that as a brand, the company is seriously rooting for the success of African teams in the 2022 FIFA World Cup.
In his words;
“As a brand deeply embedded in Africa, we are rooting for the success of African teams in this year’s competition.
The “Africa to the World” initiative will make it possible for lucky fans to be there to experience the wonder of the World Cup and cheer their teams as they take on the rest of the world”.
It is interesting to note that Chipper cash has already partnered with Senegalese-born French football legend Patrice Evra as their Global Ambassador to rally support.
“We’re so proud that Patrice Evra, a celebrated football giant who has graced the World Cup twice, has joined the Chipper family,” adds Hasan. “We’re confident that, if everyone chips in, we’re sure to meet our goal in no time and can help fill the stadiums of Qatar with the legendary spirit of African supporters.”
Hasan notes that in the past two years, the pandemic, global conflicts, and inflation have brought socio-economic challenges to Africans as a whole, and the campaign presents an opportunity to bring fans together again through the power of sport.

Nigeria-based Fintech Company, Cudium Launches Cross-Border Payment Platform

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Nigeria-based Startup Company, Cudium has launched a cross-border app, built to solve the problem of international payments.
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Nigeria-based Startup Company, Cudium has launched a cross-border app, built to solve the problem of international payments.
There is no disputing the fact that a lot of Nigerians are faced with challenges in making foreign transactions, most especially remote workers, which affects their day-to-day activities.
Some students of the Obafemi Awolowo University (OAU) have identified the challenges that Nigerians are usually faced with the issue of cross-border payment.
In a bid to solve this problem, they have taken a giant step by launching a financial solution platform Cudium.
This fintech app will ensure that users make safe, easy, fast, and affordable cross-border payments.
Cudium acknowledges that there are a thousand and one fintech solution providers out there, however, Cudium isn’t just a solution provider app, it also serves as a marketplace for the peer-to-peer trading of money ‘fiat’.
Cudium is coming out as the first payment platform with a decentralized marketplace that places the power to negotiate in the hands of the users.
Speaking with journalists at the launching of the startup on September 1st, 2022, the Founder and Chief Executive Officer of Cudium, Adejumobi Abdulrahman disclosed that the app was launched to end the hassle faced by Nigerians in receiving international payment.
In his words;
“we are declaring an end to the struggle and hassle of international money exchange and payments. We have identified this gap and believe no one should be bigger than the market, we are putting this as a stopgap solution.
“This is a declaration that you will be able to send, receive, convert and trade foreign currencies seamlessly as a Nigerian”.
The Chief Marketing Officer, Osungbade Akeem Wizeman projected that the world saw cross-border transactions grow from $29 trillion in 2019 to around $39 trillion in 2022.
“There’s a yearning market and we are glad to be providing this absolute solution, this is a solution, like no other, we are the first ever to do it this way”
The Chief Operations Officer, Idowu Kayode Elvis in his remarks said, “we have a team of seasoned professionals who have studied these multifaceted problems faced by Nigerians in making cross-border payments, we work every day to put an end to this problem and we are glad to be here, we have a whole lot in cover, Cudium is here to make a change”.
It might interest you to know that Obafemi Awolowo University has on countless occasions had students/alumni who have developed innovative start-up companies, as Cudium is just one among many innovative solutions start-ups that have sprung up from students of the great Nigerian University.
The likes of Jobberman, Nairaland, Cowrywise, and Bumpa, some of whom have been leading the African tech ecosystem, have alumni of Obafemi Awolowo University as the founders.

Flutterwave, a Nigerian financial service firm is set to be listed on the second largest stock exchange in the world ‘Nasdaq’
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Flutterwave, a Nigerian financial service firm is set to be listed on the second largest stock exchange in the world ‘Nasdaq’.
Founded in 2016, Flutterwave enjoys enormous patronage in Africa, especially in Nigeria. With a current market valuation of over $3 billion, Flutterwave is the most valued African Startup and a leading force in the African fintech industry. 
Since its establishment, Flutterwave has processed more than 200 million transactions valued at over $16 billion across 34 countries in Africa with a customer base of almost a million. 
Although the company was recently in the news for regulation discrepancies and financial impropriety in Kenya, it is however unperturbed. 
The Lagos and San Francisco-based unicorn company has denied any allegation of financial malfeasance.  It hoped that the listing on Nasdaq through an initial public offering (IPO) will help the company to scale up its business and further exploit the African market. 
Flutterwave will use the proceed from the initial public offering to expand its operation in Africa, grow its cross-border payment and begin its lending services in Nigeria. 
It intends to provide collateral-free loans of up to two million naira to businesses in Nigeria. 
According to the Chief Financial Officer of the company, Oneal Bhambani Flutterwave has “attractive market potential and opportunity to do so now. We are a growth company, and we have a tremendous opportunity to invest and really develop solutions for the largest enterprises in the world that transact in Africa” 
Once listed, Flutterwave will join a short list of African companies that has been listed on Nasdaq. Nasdaq has a very stringent regulation requirement which could be difficult for several Africa-based companies.
Some of these requirements include 1,250,000 publically traded shares outstanding upon listing and aggregate pre-tax earnings in the previous three years of at least $11 million.
Although a listing date is yet to be announced, a successful listing of Flutterwave on Nasdaq will position the company for its next phase of growth and also create an opportunity for any interesting individual to invest in the company.

The number of startups on the African continent tripled to about 5,200 between 2020 and 2021
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The number of startups on the African continent tripled to about 5,200 between 2020 and 2021, according to the latest report from McKinsey and Company.
Financial technology (Fintech) startups account for just under half of the entire startup and generated around $4 billion to $6 billion in 2020.
On average, fintech penetration on the continent was estimated between 3 and 5 percent for all African nations, excluding South Africa.
However, revenue could go up by 800% if penetration levels reach 30.3 percent like global market leaders.
The report estimated that Africa’s financial-services industry could expand by about 10 percent per annum and grow to $230 billion in revenue by 2025. South Africa alone is estimated to generate $80 billion of the total amount.
Transactional solutions of African fintechs can be up to 80 percent cheaper and interest on savings up to three times higher than those provided by traditional players, while the cost of remittances may be up to six times cheaper, McKinsey noted.
“Rather than a “fintech disruption,” the continent is experiencing a “fintech eruption,” and local and international investors are taking notice. African fintech is emerging as a hotbed for investment, with average deal sizes growing and the proportion of fintech funding in Africa increasing over the past year, bringing jobs and growth to African economies. And the story is only just beginning.
“As fintech matures, financial services on the continent are at an inflection point, and several African countries have a significant opportunity to capitalize on the momentum of recent years to unlock further potential in the sector,” McKinsey added.




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