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Chipper Cash App Review- How to Invest in Stocks and Cryptocurrency in Uganda and Africa

Updated: Jun 19

Chipper Cash is a fintech platform that offers mobile, cross-border money transfer services. The App lets customers in African countries, the U.S., and the U.K. pay bills, make cross-border money transfers, and buy Bitcoin. Chipper Cash is your super friendly and borderless way to move money across town, across Africa, or across the ocean.

The company was founded in 2018 and is based in San Francisco, California. In June 2020, Chipper Cash reached a monthly payment value of $100 million, according to CEO Ham Serunjogi.

Chipper grew from roughly two million registered users in 2020 to more than five million by the end of 2021. Your Free Chipper Account unlocks international transfers, payment cards, and investing for Africans.

What is Chipper Cash all About?

On a mission to unlock barriers to banking in Africa. Helping customers move money across borders — You can Instantly send money internationally with the best rates (cross-border payments), Shop Online with Chipper Card, Pay utilities with digital bill payments, and more.

Ugandans have embraced free Mobile money transfers with Chipper Cash. It’s no surprise that a Ugandan native Ham Serunjogi, is Chipper Cash CEO; together with CTO Maijid Moujaled who grew up in Ghana. The pair met at Grinnell College in Iowa.

Chipper Cash is featured by many reputable companies, if you ever wondered whether Chipper Cash is legit, you might know some of these companies. They include Forbes, BBC, Tech Crunch, The Economist, and Apple, among others. Digital money is moving at greater volumes and faster speeds than ever, with cross-border trade.

With a $2 billion valuation, Chipper Cash is now the seventh unicorn in Africa behind Nigeria’s Interswitch, Flutterwave, and Opay, Egypt’s Fawry, Pan-African Andela, and Senegal’s Wave. Move money Freely Unlock international transfers, payment cards and investing for Africans.

What is Chipper Cash App used for? (Chipper Cash App Review)

  • Collect Payments from Anyone — Get paid from any mobile-money account in seconds or with your unique payment link.

  • Shop Globally online using a Chipper card anywhere Visa is accepted.

  • Buy Airtime for yourself and others — Purchase airtime from anyone in Africa in your local currency for you and your family.

  • Download Chippercash and Buy the Best data bundles on Airtel or MTN.

  • Send Money across borders — send money to friends and family via Mobile money or direct to a Bank account.

  • Receive Digital Currencies using your Chipper wallet address.

  • Invest in stocks and crypto using your Chipper balance.

  • Use Chipper Cash for business payments online and offline.

  • Pay your Utility bills like Water, Electricity, and TV Subscriptions.

  • Add cash from Mobile money, Trade, and cash out instantly.

Tip: Download Chippercash app from the Apple App Store or Google Play.

Chipper Cash is constantly looking for ways to acquire new users and drive more transactions. One way they do this is through paid promotions for new users. This brings us to the next tab in the Chipper Cash app that you need to know.

Referral Program

One of the promotional offers that Chippercash is using is the Referral program. How the referral program works is you get a special link to Invite your friends and family in the US, Africa or wherever the Chippercash app works, and you earn a commission when they Signup with your link, get verified, and transact a specific amount.

While these promos attract many new users, they also encourage people to create multiple accounts to access the promos. With the company growing fast, they knew they needed a faster, and more efficient way to verify new users and block duplicate users in real-time to prevent fraudulent sign-ups. This is where the Chipper cash Verification process comes in.

Side note: If you need online advertising services or social media content design, reach out on WhatsApp or fill in a short form here.

Chipper Cash Verification Process

Before you can start investing in stock on Chipper Cash or use any of the services on the Chippercash app, you have to go through an ID and Address verification. You have to upload your National ID, or Driving permit and take a selfie to go along with it. The verification process takes anywhere from 24 hours to 3 or 5 days. Depends on your country, I guess.

I was able to get verified in 5 days with the help of the Support team.

Select Profile at the top-right corner of your Home tab. Scroll to the bottom of the “Profile” page and tap “Get Verified”, Tap “Verify My Account” and follow the given instructions.

This basic verification gets you access to the app but you can’t Trade, Invest in Stocks, or Crypto assets. For that, you must first complete the Investment Profile and answer a few questions.

Complete your Investment Profile

Stock Investing for Everyone (How to Invest in Global Stocks using Chipper Cash)

Invest without breaking the bank and build your stock portfolio by investing in fractional shares of your favorite publicly traded companies. Fractional Shares means you can start with as little as $1 USD (approx. UGX 3,773.35).

To get started Investing in stock, once you download the Chippercashapp, you will have to first complete the Chipper Cash Verification process online. Just like any other service on the Chippercash app, you have verify your phone number and address as well as take a selfie.

Download ChipperCash app from Apple app store, or Google play store, and Trade instantly with a fast verification process and trade execution plus the Lowest Commissions allowing you to Invest more, while saving on fees. Chipper cash offers Account Protection — SIPC protection of securities and cash up to $500,000 USD.

The Chipper Cash Verification Process takes 5 Steps:

How to Verify your Chippercash Account

Step 1. Upload Identification Documents

In this step, you need to take a photo of your ID. It can be a National ID, Driving Permit, or Passport. In case of an ID, you need to take the front and back and upload the photos for verification.

Step 2. Take a Selfie for Chipper Cash Verification

Another requirement for Chipper Cash registration and verification is the Selfie. After uploading your Identification documents, you have to take a selfie to go along with the verification files.

Step 3. Initial Questions

To get the basic required information, Chipper Cash asks questions about your employment status, employer’s name, what type of industry you are in, your position at your company of employment, whether you are a director of publicly traded company, or if you or any of your family members have held any public position, they even go ahead to ask about your diplomatic immunity.

You might think that, mmhh, may be investing is only for the rich politicians, or business men and women, or forex traders and investors, but no. You will be surprised to learn that any one from any industry can invest in Stocks.

Here is a list of Industries listed on the Chipper Cash app:

  • Agriculture, Forestry, Fishing & Hunting.

  • Mining, Quarrying, and Oil/Gas Extraction

  • Utilities

  • Construction

  • Manufacturing, Wholesale and Retail Trade.

  • Transportation and Warehousing.

  • Information.

  • Finance & Insurance.

  • Real Estate and Rental and Leasing.

  • Professional, Scientific, Technical Services.

  • Management of Companies and Enterprises.

  • Education Services.

  • Health Care and Social Assistance.

  • Arts, Entertainment, and Recreation.

  • Accommodation and Food Services.

  • Public Administration, Administrative and Support and Waste Management and Remediation Services.

Step 4. Investor Profile Questions

To determine what type of investor you are, Chippercash begins by asking you to select from the dropdown, the category or type of trader you are. By the way, this is where the types of traders come in. Forexample:

  • Active trader, daily trader

  • Frequent trader, depending on the market.

  • Trading infrequently when I see an opportunity.

  • Long-term buy & hold investing.

Next, you have to choose your investment experience between 1 to 10+ years, your annual income, your liquid net worth and total network (cash you have available or assets that can easily be converted into cash for investment purposes), your Risk tolerance, among others.

Step 5. Contact Information

Lastly, make sure you have a verified phone number and put your best email to get stock trading notifications if you are interested in those.

Accept the Drive Wealth agreement for Investors and traders to instantly gain access to the stocks trading platform within the Chipper Cash app.

You should now see the most popular stocks or the most commonly traded stocks in the Chipper community broken down into categories from the Most Popular, Utilities, full list below:

  • Technology — Invest in companies that manufacture sleek mobile devices or develop the digital services you can’t live without.

  • Utilities — Invest in companies providing electricity, natural gas, water and wastewater services to customers.

  • Capital Goods — Invest in companies that manufacture machinery used to create capital goods, electrical equipment, aerospace and defense, engineering, and construction projects.

  • Health Care — Invest in Pharmaceutical producers, medical device and healthcare service providers, as well as biotech stocks and insurance companies.

  • Energy — Companies focused on oil, gas, and renewable resources.

  • Real Estate — Invest in Companies that own or operate income-producing real estate, such as apartments, warehouses, self-storage facilities, malls and hostels.

  • Communications — Companies involved in a wide range of communication production and services.

  • Finance —Invest in financial services provider or providers of banking services, insurance, loans and a wide range of other financial services.

  • Consumer Staples — Companies that produce and sell items considered essential for everyday use.

Congratulations, you are now ready to begin investing in stocks on the Chippercash App. With Chipper Stocks, you can trade fractional shares of global companies like Google, Visa, Inc, Walmart, Intel Corporation, among others starting with just $1.

Crypto (Digital Currency) Investing for Everyone

Cryptocurrency are digital currencies that can be bought, sold, held or used in trade and transactions globally. Chipper Cash App currently allows you to purchase cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), among others. Cryptocurrency trading is still illegal in Uganda, I am not sure about Holding.

Buy and Sell Bitcoin, Ethereum and USDC in 3 seconds directly using your Chipper balance. You can invest in your favorite digital asset or cryptocurrency on a recurring basis, either every day, week, or month.

The Chipper Cash App allows you to deposit or add cryptocurrency to your Chipper balance, by either using Mobile Money, or receiving cryptocurrency from an external wallet address.

  • Can I buy Bitcoin with Chipper Cash? Yes Please, Securely Buy and Hold your favorite cryptocurrency in the Chippercash wallet.

  • Invest in your favorite cryptocurrency.

  • Send digital currency using your Chipper balance.

  • Use your Chipper wallet address to receive cryptocurrency.

By the way, in the last video we looked at how to create a Wallet address using Coinbase. If you are a beginner in the cryptocurrency and blockchain world, perhaps that Coinbase tutorial would help you understand what a wallet address is before you continue going forward.

In your Chipper cash app, in the Crypto tab, under the Invest tab, when you tap on any cryptocurrency or asset, you will get the option to either send or receive. If you tap on “Send” or “Receive” for the first time, you will asked to create a wallet and address.

That wallet is used for the specific asset you selected. For example, you cannot use an Ethereum (ETH) wallet address for Bitcoin (BTC) otherwise you will loose those funds.

The same goes for sending, if you are sending someone Solana (SOL), make sure to send to wallet address that can receive SOL through the specific network. Again, sending to the wrong wallet address will result in loss of your funds.


Cryptocurrencies present distinct risks. Trading crypto currencies such as Bitcoin (BTC) or Ethereum (ETH) is a highly speculative activity, and the markets for cryptocurrencies can be extremely volatile.

Your Chipper wallet can hold digital currency assets purchased using Chipper or any 3rd party wallet. Assets bought on Chipper or sent to your Chipper address can be held in Chipper, sold off-chain or sent on-chain to 3rd party wallets outside of Chipper Cash.

By continuing, you understand the risks associated with trading Bitcoin, Ethereum and other digital currencies.

Shop Online for Groceries and Pay your Electricity and Water Bills using Chipper Card
ChipperCard Built for your Digital Life

The Chipper Card — Build for your Digital Life

The Chipper Card gives you the power to spend and use your Chipper balance through various ways. You can get a digitally native Chipper Card in Uganda to simplify your digital life at a Card creation fee of UGX 1000. You can also use Chipper card to:

  • Shop Globally — Use your Chipper Card for online purchases anywhere Visa cards are accepted.

  • Budget Effectively — Limit spending by only using the amount uploaded to your card

Note: It is important to note that some sources report that Chipper Cash was considering a sale following the lay offs in late 2022 and early 2023. Chipper Cash denied it was considering a sale.

How to withdraw money from Chipper Cash App Wallet to your Mobile Money Account.

Let’s say you have traded cryptocurrency or invested in some stocks, and have made some profits that you want to use for your groceries, re-invest in your physical store, or buy a gift for your loved one. How do you withdraw your profits to your Mobile money?

To withdraw your funds to Mobile Money Follow the steps below.

  1. Click on your profile.

  2. Tap on “Cash Out“.

  3. Input the amount to be cashed out.

  4. Click on “Payment methods” and select or add another payment method.

  5. Your money will be sent to your selected Mobile Money Wallet

What are Chipper Cash Transfer Limits?

Note that Chipper Cash has a limit on the amount of cash you can send, or receive per day set at UGX 19,000,000 daily. Additionally, you can cash out UGX 3,000,000 on a daily basis.

Chipper Checkout

For business owners and eCommerce website owners, you can receive online or offline payments with Chipper checkout using integrated Chipper Checkout buttons directly with your website or app.

This has thousands of benefits and use cases including booking tickets, buying products, donations, in-game purchases, paying bills and invoices, Digital TV subscriptions, and more. Chipper Cash also offers a Fast guest checkout flow for non-Chipper users.

Chipper Cash Support

Chipper Cash Help Center and Customer Care
Chipper Cash Help Center and Customer Care

Before we close, let’s take a moment to appreciate the Chipper Cash support team. I must say, they go a long way to serve the customers. Personally, I had issues getting verified.

I almost tried to escape to Binance as it allows you to buy Cryptocurrency too using your account balance deposited via Mobile money. But decided on not to give up on this account verification thing. I thought I should give Chippercash another try, and that is when I realized how far the Chipper Cash support team goes to solve their customer issues.

For Help and support, in the Chippercash app, tap Help and then select “Chat with Us”

There are Two ways to get Help and Support:

Help Center — Resolve issues quicker. Help yourself with detailed Chippercash support articles and FAQs by choosing your topic of interest.

Chat with Support Team — Chat with someone from the support team. You won’t ever have to think about the Chipper cash Uganda address, Chippercash Whatsapp number Uganda, or Chipper cash Uganda contact number or ask your self any questions like How do I contact Chipper cash?


Chipper Cash is Africa’s modern mobile payments platform. Chipper Cash helps friends, families and loved ones stay connected and securely send money across Africa, US, UK, and Europe, with incredible ease and peace of mind.

When it comes to transferring money across borders, Western Union and MoneyGram have mainly dominated. Western Union is the biggest money transfer provider worldwide and gives you many ways to transfer funds.

But when it comes to investing in stocks and cryptocurrency in Africa, I think Chipper Cash is standing besides Binance, Coinbase, and YellowCard, among others. By the way, did I mention Binance allows you to buy crypto with Chipper Cash App as one of the options?

I hope this Chipper Cash review gets you started on how to Send and receive cash using Mobile money, invest in stocks, and crypto (digital currencies) using your Chipper wallet address and the Chipper Cash App.

If you want to learn more about Cryptocurrency, Blockchain, and the Metaverse, check out my website. You can also check out my YouTube channel for videos and Live trainings.

Lastly, I would appreciate it if you follow on Twitter for the latest content and Videos plus on Medium for the latest articles.

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