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Home Business StartUPs

Chimoney Achieves 45x Increase in Transactions, 600% Surge in User Accounts

by Joan Aimuengheuwa
May 1, 2023
in StartUPs
1
Chimoney Achieves 45x Increase in Transactions in Q1 2023
Source: Chimoney

Source: Chimoney

UBA
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Chimoney, a global fintech company focused on unlocking economic opportunities by building a Network of Payment Networks, has announced astounding growth in the first quarter of 2023.

Chimoney Achieves 45x Increase in Transactions
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Source: Chimoney

Chimoney’s mission to connect anything to everything and anywhere to everywhere has led to a 45x increase in transactions and a 600% increase in user accounts this year.

“We are constantly working to improve our platform and ensure that our users have the best possible experience when using Chimoney,” says Uchi Uchibeke, Founder and CEO of Chimoney. As the company scales its API, it expects a 50-100x increase in user accounts created through third-party integrations.

Uchi Uchibeke Chimoney
Uchi Uchibeke, founder and CEO

The company has expanded its supported payout and redeem options, making it easier for clients to send payouts across borders.

Chimoney now offers over 500 million products from Amazon and Shopify stores, accessible through the Unispend Marketplace.

Chimoney Achieves 45x Increase in Transactions
Source: Chimoney

This expansion has been well-received by users and contributed to the growth seen this year, particularly in the emerging stores of value segment.

In the past year, Chimoney has launched innovative products such as Metaward, a Payment Request Link feature, and announced that it is working on an FDIC-insured Trust Accounts feature, which provides bank accounts where client funds are held for the benefit of the client.

Chimoney Achieves 45x Increase in Transactions

These product launches have improved the user experience, client trust and contributed to the company’s rapid growth.

Chimoney Achieves 45x Increase in Transactions
Source: Chimoney

We are committed to enhancing financial inclusion and unlocking utility of all traditional and emerging stores of value”.

– says Uchibeke

The company remains dedicated to global collaboration, simplifying the bulk payout process, and offering exclusive payout options and off-ramps in the form of Gift cards, Airtime, Mobile Money, Bank Payouts, E-commerce products and services, and Virtual cards.

The Company helps ambitious businesses and developers unleash the utility of their projects by leveraging a unique experience and meeting endless possibilities.

To explore the best-tailored solution for your business model, visit Chimoney’s Product Hub.

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Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

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Tags: ChimoneyUchi Uchibeke
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

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