HASAN LUONGO: Chipper’s fractional stock investing product is smashing the barriers of accessing global investment opportunities Fresh from launching their two-way money remittance offering between Africa and the United States of America, last October, Chipper Cash, one of Africa’s fastest-growing fintechs has launched its Global Stocks Investing product. Launched in partnership with DriveWealth LLC, a US-based pioneer in fractional investing and embedded finance, the product enables Ugandans or Uganda residents to safely and affordably invest in major U.S stocks. Starting with as little as the equivalent of USD1 and up to USD3500 via their mobile money wallets that are linked to the Chipper Cash App, investors can invest on a dollar equivalent basis (i.e., fractional shares) in over 6,000 U.S. securities and Exchange Traded Funds (ETFs). In this slightly edited speech delivered at today’s breakfast launch at Kampala Serena Hotel, Hasan Luongo, the VP, Global Marketing speaks about how Chipper is “smashing the barriers of accessing investment opportunities.”

I am incredibly honoured to be here with you today in beautiful Kampala.

Chipper started right here in Uganda, and today we are taking a big step forward, with a revolutionary new service that completely smashes the barriers of accessing investment opportunities. 

Right now, anyone can begin or accelerate their wealth creation journey by trading fractional shares of the most successful companies in the world.  

Buying and selling fractional shares on Chipper is incredibly easy. You can research stocks performance history in real-time, and place buy and sell orders in a just few taps. And you can get started with just USD1.

There is a quote, from an article written by our CEO, Ham, that I think best sums up our worldview: “Technology is our tool, Empathy is our lens.” Global fractional stock investing is a perfect example of this quote, in action.

We have been working closely with regulators in Uganda and our partner DriveWealth for over a year on this product, and while it hasn’t been easy, because nothing worth doing ever is, it’s remarkably fulfilling to see this come to life today.

Our entire global team at Chipper is grateful and proud to deliver this impactful investment service, and we are deeply committed to listening to your feedback and continuously improving.

Over the last year, we’ve greatly expanded access to critical financial services to millions of more people. We just launched two-way payment flows between the USA to Africa, and launched the UK earlier in the year. South Africa is now live with an unlimited person to person payments, with no fees.

We also launched the Chipper Card in partnership with Visa in Nigeria. Our Network API service enables businesses to leverage Chipper’s pan African reach to make payments easy for their customers.

Twitter Tips launched last month, and Chipper is the exclusive wallet for Africa. If you haven’t enabled Tips on your profile or tipped your favourite creators, def try it out.

And we’re just getting started.

We challenge ourselves, our partners and customers to just keep chipping away, while always keeping in mind that “Technology is our tool, and empathy is our lens.”