Chipper Cash, the African cross-border fintech startup has appointed Jovani Ntabgoba as Rwanda Country Manager.
Ntabgoba, a telecom engineer and data scientist brings to Chipper experience and insight on the local landscape having held positions such as General Manager of kLab and investment advisory to Japanese Tech Companies.
Chipper Cash’s entry to the local ecosystem the firm said is informed by the country’s quest to develop into an innovation and financial hub.
“The Rwandan government has set up sound business regulations, state of the art ICT infrastructures, academia and Rwanda Finance Limited among others.
“Chipper Cash is strengthening its presence in Rwanda so as to leverage these services and better serve both Rwanda and other African markets seamlessly,” explains Ntabgoba.
The fintech currently has over 3.5 million users in the United Kingdom, Kenya, Tanzania, Uganda, Ghana, Nigeria, South Africa, and Rwanda.
Cross border payments have long been dominated by traditional money transfer players.
Fintech has been said to have an advantage going forward buoyed by advantages of the reduced cost of transactions, ease of use, and client convenience.
Experts are further betting on Fintech to drive financial inclusion on the continent which could give traditional banks a run for their money.
“With our recent round of funding and opening of the UK to Africa remittance corridor, more people will be able to use Chipper to send money to loved ones and grow their businesses at home and abroad,” said Alicia Levine, Chipper Cash Chief Operating Officer.
Chipper Cash recently secured a $30M investment led by Ribbit Capital with the participation of Bezos Expeditions.