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Chims Africa logo — company profile

Chims Africa

Founded 2003 Series Unknown Mobile

General Information

Company Name Chims Africa
Founded Year 2003
Industries Mobile
Funding Stage Series Unknown
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About Chims Africa

Chims Africa is a mobile money company established in 2003 as an MTN franchise in Uganda. It quickly became a pioneering company in Uganda's mobile money sector with the introduction of the service in 2009. Chims operates independently but remains a key agent for MTN, Uganda's largest mobile money network. The company boasts unparalleled operational float management capabilities, enabling it to handle extensive and high volume cash-in and cash-out transactions. This sets them apart from most competitors, especially in terms of working capital. Chims maintains numerous 24/7 mobile money outlets across different locations in Uganda, ensuring consistent availability of float and other MTN services. The company's last venture round investment was on 21 September 2015, with ascent as the investor. With its strong operational capabilities and extensive network, Chims Africa presents an intriguing opportunity for investors interested in the mobile money sector.

Funding Rounds & Investors (1)

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Funding Stage Amount Investors Lead Investors Date
Venture Round •••••• 1
Investor
21 Sep 2015

Chims Africa Alternatives & Competitors

Chims Africa vs
Splash Mobile Money
Splash Mobile Money

Effortlessly transfer money with just a text message using our seamless mobile payment system.

Private Equity
Payments
Chims Africa vs
smj
smj Malaysia

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Chims Africa vs
MTN Rwanda
MTN Rwanda Rwanda

MTN Rwanda began its operations in 1998, starting out as an exclusive GSM network providing voice an...

844 employees

FAQ About Chims Africa

Established in 2003 as an MTN franchise, Chims quickly became one of the pioneering companies in Uganda's mobile money sector when the service was introduced in 2009. Today, Chims operates independently but remains a key agent for MTN, Uganda's largest mobile money network, with plans to expand its...
Chims Africa was founded in 2003.
Chims Africa operates in the following industries: Mobile.
Chims Africa has completed 1 funding round. The latest funding stage is Series Unknown.
Top alternatives and competitors to Chims Africa include Splash Mobile Money, smj, MTN Rwanda, Cauridor, Mobee Payments ( Otero ). These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Chims Africa and Splash Mobile Money are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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