Chipper Cash leads funding in Nigerian fintech, PayHippo, to improve its lending offerings to SMEs

Lagos based tech startup, PayHippo, has secured a reported $3-million in seed funding from several funders including;

  • Ham Serunjogi – Co-founder, Chipper Cash
  • Maijid Moujaled – Co-founder, Chipper Cash
  • Olugbenga “GB” Agboola – Founder, Flutterwave

Other angel investors include management from Paystack, Brex, and Tala and several LPs from PayHippo’s preseed investors. Other institutional investors include TEN13, VentureSouq, and Prodigio Capital, Bolaji Balogun – CEO, Chapel Hill DenhamHakeem Belo-Osagie, Founder Metis Capital Partners.

According to reports, the funding will be used to improve and grow PayHippo’s technological capabilities and facilities to support small businesses in Nigeria.

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