Chipper Cash, the African fintech best known for cross border transfers and consumer payments, said it covered its operating costs in the fourth quarter of 2025 after a two year restructuring that trimmed spending.
Co-founder and chief executive Ham Serunjogi shared the update via a LinkedIn post, saying the company’s operating revenue was enough to fund day to day expenses. However, it did not state the figures.
The shift comes as many African consumer fintechs move from growth at all costs to tighter margin control, especially as venture funding has slowed and regulators have increased scrutiny of payments firms.
Chipper’s rebound is tied to a smaller set of priorities. A source close to its operations said Nigeria and Uganda are among its strongest revenue markets, alongside demand for US dollar virtual cards. Those cards have gained traction as more Africans struggle to pay for global subscriptions and services with local bank cards, particularly in markets where foreign exchange access is uneven.
Two former employees familiar with the company’s finances said Chipper is now profitable and has about 24 months of runway, Although the company did not respond to a request for comment.
Chipper was founded in 2018 and expanded across Africa, the US, and the UK. It rode the 2021 venture peak to a reported $2.2 billion valuation before later being marked down, with Forbes placing it in a $250 million to $500 million range as global tech valuations fell and some backers, including FTX and Silicon Valley Bank, collapsed.
The wider trend is clear showing how fintechs are prioritising products that generate predictable revenue and can survive long funding winters especially in current volatile FX environment.