Chipper Cash, a fintech company that helps people make cross-border payments, has received a broker-dealer license from Ghana’s Securities and Exchange Commission (SEC).
This new license allows Chipper Cash to operate in Ghana’s financial markets.
With this license, Chipper Cash can now offer brokerage services to both individuals and institutions. This means users will soon be able to trade securities like stocks and bonds directly through the Chipper Cash app. They’ll also benefit from faster trades, better pricing, and access to Initial Public Offerings (IPOs), where they can invest in companies as they become publicly traded.
One of the cool new features Chipper Cash plans to add is fractional investments. This will let users invest smaller amounts in expensive stocks or exchange-traded funds (ETFs).
Chipper Cash is growing its global presence and now holds 55 licenses worldwide, including in the US. The fintech recently restarted its operations in the US with a new banking partner. This change allows users in the US to send money to African countries like Ghana, Nigeria, and Uganda.
