Nigeria accounting software program startup Kippa raises $3.2M in pre-seed funding

Kippa, a bookkeeping app for small companies in Nigeria has introduced a pre-seed fundraising of $3.2 million. The startup is captivated with the way forward for monetary administration of SME finance in Nigeria and Africa. The pre-seed spherical, one of many largest in sub-Saharan Africa, will likely be channeled in direction of product enchancment, scaling the staff, and venturing into fintech.

This financing spherical is led by Goal International (primarily based in Berlin) and different collaborating investments from Entrée Capital, Alter International, and Rally Cap Ventures. Various angel traders took half within the spherical amongst them Raffael Johnen, Babs Ogundeyi, Chris Bouwer, Kyane Kassiri, Edward Suh, and Sajid Rahman.

Enterprise house owners get to trace their day by day revenue and expense transactions through Kippa’s easy app that enables monitoring of day by day revenue and expense transactions, creation of invoices and receipts, managing stock, and monitoring how companies circulate over time.

Kippa was based in 2021 by Kennedy Ekezie,  Duke Ekezie and Jephthah Uche. In 2019, The group had beforehand shaped Africave a software program expertise matching platform. The app claims to have grown at 126% month-on-month since its June launch. There are over 130,000 lively companies that vary from micro-traders to high-end retailers. Kippa has so far recorded over $300 million in revenues over the previous 5 months.

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