ChipChip
Human-Centric Digital Transformation
Information
Company Description
ChipChip is an Ethiopian e-commerce and fintech platform built around group buying to make food and essential goods more affordable and accessible. By connecting farmers, suppliers, and consumers through digital marketplaces and data-driven solutions, ChipChip strengthens agri-food value chains while expanding access to finance for its ecosystem.
Team
ChipChip is led by a diverse founding team of seven co-founders combining international and local expertise, with two founders from Germany and five from Ethiopia. The leadership team includes Amir and Mateo as Co-CEOs, supported by Bruk (Chief Marketing Officer), Beki (Chief Creative Director), Yasin (Chief Operations Officer), Hannes Garben (Chief Financial Officer), and Tesfa (Chief Technology Officer). Together, the team brings strong experience in venture scaling, operations, finance, technology, and market development in emerging economies.
Countries of Operation
Ethiopia
Ownership of Company
ChipChip PLC (Ethiopia) is 99% owned by ChipChip Inc., a U.S. corporation registered in Delaware. The shareholder base includes Ethiopian and foreign investors, with a German investment holding company as the majority shareholder.
Ownership structure: 58% European, 19% Local, 23% Other.
Number of years since incorporated
3 years
Stage
Growth stage
Annual Revenue (in EUR)
EUR 500,000 – 1,000,000
Number of employees
101–500
Project Pitch
ChipChip is Ethiopia’s leading group-buying e-commerce platform and is now expanding into fintech solutions to empower its ecosystem. Building on rapid growth to more than 200,000 monthly orders, the company leverages data from farmers, suppliers, and consumers to offer digital financial services, including supplier and customer financing.
The business model integrates B2C and B2B sales through a mobile platform, supported by centralized warehousing, logistics, and a marketplace enabling entrepreneurs to sell products efficiently. By digitizing supply chains and embedding financial tools, ChipChip reduces transaction costs, improves market access for producers, and enhances affordability for consumers.
The expansion phase focuses on scaling fintech offerings, strengthening logistics and warehouse infrastructure, and preparing for future entry into export markets, positioning ChipChip as a key enabler of inclusive, technology-driven agri-food commerce in Ethiopia.
Total Project Cost (in EUR)
EUR 2,000,000
Financing needs (in EUR)
EUR 2,000,000
Type of financing needed
Debt; Equity; Grant
Planned allocation of fundraising capital
Expansion (expanding an existing activity); Public-Private Partnership (PPP)