Jeff Bezos backs fintech start-up in maiden Africa investment: Report

Jeff Bezos agreed to back Africa-focused financial technology company, Chipper Cash, making it his first start-up investment on the continent.
 
The world’s richest man’s personal venture capital fund, Bezos Expeditions, supported the Series B funding led by Ribbit Capital, which raised $30 million for the San Francisco-based company.
 
Bezos’s backing of Chipper Cash will “widen the company’s product suite through inclusion of more business payment solutions, crypto-currency trading options, and investment services,” the company said in an emailed statement.
 
Chipper Cash enables instant cross-border mobile money transfers in Africa and abroad and will use the funds for