FlinkChipper CashMoneyLionDigitMotivHealthINDmoneyAlineaTemplum
USE CASES

Chipper Cash Case Study

SELF DIRECTED TRADING SOLUTION

Chipper Cash wanted to go beyond payments to become a full financial platform for Africa. Now, Chipper Cash customers in Nigeria, Uganda and Ghana can buy fractional shares of U.S. stocks.

How Chipper Cash uses DriveWealth to power U.S. investing across Africa

The Problem:

Becoming a full financial platform

Chipper Cash offered its four million users a borderless way to send and receive money across seven African countries and the United Kingdom. 


The company was seeing 80,000 transactions a day, and receiving positive reviews from its customers, but they wanted to create even more opportunities for their customers. 


The investment opportunities in local stock markets were limited. Volatile local currencies made dollar-based assets attractive to their customers. The Chipper Cash team believed that their customers would jump at the chance to own small amounts of companies they know and use, like Facebook and Amazon*. 


The Solution:

Embedding fractional investing in U.S. equities

Maijid Moujaled and Ham Serunjogi, Chipper’s founders, saw fractional U.S. investing as a great opportunity for their business and their customers. It aligned with their mission to unlock global opportunities and connect Africa. 


Using DriveWealth’s APIs and brokerage infrastructure, Chipper was able to integrate an investing experience seamlessly into their existing application. 


The DriveWealth team was also able to consult with Chipper on their approach to regulation in different countries in Africa.


Results:

A multi-national launch

Chipper Cash is an African company. With DriveWealth as a partner, they were able to successfully launch fractional U.S. investing in Nigeria, Uganda, and Ghana; and are planning to expand further.


TechCrunch — African fintech startup Chipper Cash raises $30M backed by Jeff Bezos

‍

‍

Testimonials may not be representative of the experience of other partners, and are no guarantee of future performance or success.
* The companies discussed are for illustrative purposes only, and do not constitute a recommendation to buy or sell a particular security.
Click here to view fractional share definitions and disclosures

‍

“DriveWealth enabled us to have one single unified and streamlined integration to successfully launch and scale our U.S. stocks product across Africa”
Maijid Moujaled, Co-Founder, Chipper Cash

The DriveWealth Difference

DriveWealth’s consultative approach enabled Chipper Cash to launch in multiple markets with different regulatory environments, and withstand regulatory scrutiny.
Learn more about how it works →
Contact Us
Join the retail revolution and put the future of embedded investing into the palm of your customer's hands.
Contact Us
Disclosure LibraryKnowledge BaseOpen a TicketDriveLoyalty
© DriveWealth, LLC. SOC 2 type 1 and 2, SOC 3, GDPR and CCPA compliant. Registered in all 50 U.S. states.
DriveWealth, LLC is a registered broker dealer, member of FINRA and SIPC. View the firm's background on FINRA's BrokerCheck.
DriveWealth Institutional is a registered broker dealer, member of FINRA and SIPC. View the firm's background on FINRA's BrokerCheck.
DriveLiquidity offers tailored, algorithmic solutions for trading digital assets. View Privacy Policy for DriveLiquidity
Liquidity Solutions Global enhances access to digital assets for institutional clients. View Privacy Policy for Liquidity Solutions GlobalShow legal details ↓
Brokerage services and investment products provided by DriveWealth, LLC. The availability of brokerage investment products may vary by country. Nothing on this website is an offer to sell or a solicitation of an offer to buy securities, products or service, by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Any company stocks and ticker symbols that appear on this website are for illustrative purposes only and do not constitute a recommendation for a particular security. All investments carry risks. Investment returns will fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost. You should consider your investment objectives, the risks involved, and consult with your investment and/or tax professional about your specific circumstances prior to making an investment decision. Brokerage investment products: Not FDIC Insured * No Bank Guarantee * May Lose Value. API stands for application program interface. An API specifies how software components should interact. Our suite of APIs allow our partners to build applications that connect to our brokerage platform. DriveWealth’s patent-pending Fracker® technology democratizes investing by enabling investors to purchase a fractional share of a stock, which is less than a single share. For example, if a stock is trading at $1,800 per share, the Fracker® has the ability to break this into multiple fractional shares out to 8 decimal places, so retail investors can buy what they can afford – if that’s $1 or $100. DriveWealth’s technology tracks the fractional ownership amounts, and ensures investors receive trading confirmations, statements, and tax reporting for only the fractional share of the investment. DriveWealth’s unique Fractional share program allows you to purchase securities in dollar amounts rather than share quantities. Please be advised that trading in fractional shares has unique risks and limitations that you should understand prior to participation in DriveWealth’s Fractional Share Program. Visit [legal.drivewealth.com] for full disclosures on fractional share trading. Loyalty rewards programs may encourage specific consumer habits. DriveWealth, LLC facilitates execution of the loyalty rewards program offered by your introducing broker, advisor, and/or card issuer. All rewards processed by DriveWealth are in the form of buy orders for equity securities; merchant credits and cash back programs are not provided by DriveWealth. Participating in a loyalty rewards program may have unintended consequences related to your brokerage account maintained at DriveWealth including, but not limited to, concentration in a particular security. DriveWealth makes no determination as to your eligibility to participate in a loyalty rewards program or the suitability of the investments obtained through such loyalty rewards program. Please consult with your introducing broker, advisor and/or card issuer for the specific terms and conditions of your loyalty rewards program.
Hide ↑