Jeff Bezos created his first African fintech company, Chipper Cash. Through his personal venture capital fund, Bezos Expeditions, the world's richest man supported the Series B funding, led by Ribbit Capital, raising €30 million (460,431,000 rand). Chipper Cash enables instant cross-border mobile money transfers in Africa. The funds will be used primarily to expand into other markets, to be revealed in 2021. The platform currently has 3 million users, located in South Africa, Ghana, Kenya, Uganda, Rwanda, Nigeria, and Tanzania. On average, 80.000 transactions are processed daily, according to the company. The investment will allow the company to expand its product line, to include more enterprise payment solutions, traditional cryptocurrency options, and investment services, the company said. "We are responding to demand from customers on our P2P platform who also have businesses," said Ham Serunjogi, CEO of Chipper Cash in the statement.