Chapa logo

Chapa

Operating

Chapa empowers Ethiopian businesses with secure local and international payments through its fintech gateway.

Updated Source: SLA Startup IndexHow we verify →
Total raised
$100K
disclosed
Last round
$100K
Grant
Rounds
1
since 2021
Investors
1
on record
Employees
51-200

About Chapa

Chapa Financial Technologies S.C., founded in 2020 and headquartered in Addis Ababa, Ethiopia, is a fintech company empowering businesses with secure, seamless digital payment solutions. Its platform enables merchants to accept both local and international payments, bridging Ethiopian enterprises to the global economy.

Through its payment gateway, bill aggregation services, and developer-friendly APIs, Chapa provides SMEs and large merchants with the infrastructure to scale efficiently. By supporting multiple currencies and offering compliance-ready solutions, it helps businesses expand beyond borders while fostering financial inclusion.

With a mission to simplify payments and unlock growth for African businesses, Chapa is positioning itself as a leading force in Ethiopia’s digital transformation and the broader East African fintech ecosystem.

Chapa funding1 round

Chapa has raised $100K across 1 disclosed round. The latest is a $100K Grant announced 16 Oct 2024, led by Milken-Motsepe Innovation Prize Program.

Who has invested in Chapa

AnnouncedRoundLead · investorsAmount
16 Oct 2024Chapa GrantMilken-Motsepe Innovation Prize Program$100K

Chapa founders & team

Full team →

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Frequently asked about Chapa

Where is Chapa based and when was it founded?
Chapa is headquartered in Addis Ababa, Ethiopia and was founded in 2021.
Who founded Chapa?
Chapa was founded by Nael Hailemariam (Co-Founder and CEO) and Israel Goytom (Co-Founder and CTO).
Who is the CEO of Chapa?
Nael Hailemariam is Chapa's Co-Founder and CEO.
How much funding has Chapa raised?
Chapa has raised $100K across 1 disclosed round. Its latest, a $100K Grant, was announced on Oct 16, 2024.
Who has invested in Chapa?
Backers include Milken-Motsepe Innovation Prize Program.
What sector is Chapa in?
Chapa operates in Financial Services, FinTech and API.