Billionaire Jeff Bezos Is Making His First Investment In Africa. See The Start-up He’s Backing

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Jeffrey Preston Bezos is an American internet entrepreneur, industrialist, media proprietor, and investor. He is best known as the founder, CEO, and president of the multinational technology company Amazon.

Jeff Bezos agreed to back Africa-focused financial technology company, Chipper Cash, making it his first start-up investment on the continent. 

“Jeff Bezo’s backing of Chipper Cash will widen the company’s product suite through the inclusion of more business payment solutions, crypto-currency trading options, and investment services,” the company said in an emailed statement.

Chipper Cash is a pan-African online transfer service that offers instant no-fee local and cross-border money transfer, discounted airtime purchases, and zero charges on bill payments.

With over one million users, focus in bringing Africa together, one transaction at a time.

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