# Kippa

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kippa

- Industry: Financial Services
- Headquarters: Lagos, Nigeria
- Website: www.kippa.africa
- Total disclosed funding: $8.4M
- Latest round: Seed (Sep 12, 2022)
- Investors on record: 8

## About

Kippa is a digital financial management platform that empowers small and medium-sized enterprises (SMEs) in Africa with tools to manage their finances effectively through a mobile application.Kippa operates as a financial management solution that helps SMEs streamline their financial operations. The company was founded by Duke Ekezie, Duke Ekezie-Joseph, and Kennedy Ekezie-Joseph. It is headquartered in Lagos, Nigeria. Kippa recently secured USD 8.4 mn in Seed funding on September 12, 2022, from investors including Crestone Venture Capital and Goodwater Capital, among others, bringing the total amount raised to USD 8.4 mn.Kippa offers a suite of digital financial management tools specifically designed for small and medium-sized enterprises (SMEs) in Africa. Their core product is a mobile application that enables business owners to manage their finances more effectively by tracking expenses, generating invoices, and accessing credit facilities. The app aims to streamline financial operations for SMEs, allowing them to focus on growth rather than administrative tasks. Since its launch, Kippa has garnered a diverse client base that includes small retail shops, service providers, and other local businesses across multiple African countries, particularly Nigeria and Ghana. By addressing the unique financial challenges faced by SMEs in these markets, Kippa enhances their operational efficiencies and promotes financial inclusion.Kippa generates revenue through a subscription-based model, where businesses pay a monthly fee to access premium features within the application. The transaction structure primarily involves direct-to-consumer sales, catering specifically to individual business owners looking to optimize their financial management processes. Clients benefit from various pricing tiers that offer different levels of functionality and support, tailored to the specific needs of different business sizes. The flagship service includes comprehensive financial reporting tools, which support businesses in making informed decisions and improving cash flow. By establishing partnerships with local financial institutions, Kippa also facilitates access to credit products, thereby diversifying their revenue streams while enhancing service offerings to their customers.Kippa plans to use the USD 8.4 mn raised in Seed funding to develop new financial products aimed at supporting SMEs in their growth. The company is also focused on expanding its operational reach within Nigeria and into other African markets. These initiatives are expected to take shape in the coming years as the company enhances its team and product offerings.

## Funding rounds

- Seed, Sep 12, 2022, $8.4M — Goodwater Capital, VentureSouq, Rocketship.vc, Saison Capital, TEN13, Vibe Capital, Crestone Venture Capital, Horizon Partners

## Investors

- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Seed
- VentureSouq (https://capitalatlas.ai/funds/venturesouq) — Seed
- Rocketship.vc (https://capitalatlas.ai/funds/rocketship-vc) — Seed
- Saison Capital (https://capitalatlas.ai/funds/saison-capital) — Seed
- TEN13 (https://capitalatlas.ai/funds/ten13) — Seed
- Vibe Capital (https://capitalatlas.ai/funds/vibe-capital) — Seed
- Crestone Venture Capital (https://capitalatlas.ai/funds/crestone-venture-capital) — Seed
- Horizon Partners — Seed