Nigeria’s Kippa launches new digital funds product for African SMEs

Nigerian fintech startup Kippa, which presents digital enterprise and monetary administration options for SMEs in Africa, has launched its second product Kippa Funds, a digital funds resolution enabling customers to ship and obtain funds from clients and carry out prolonged funds transactions routinely.

Launched in June 2021 by brothers Kennedy Ekezie and Duke Ekezie along with Jephtah Chidozie-Uche, Kippa has developed an app that helps retailers to extend money circulation by recovering money owed. 

Kippa’s first product is a simple-to-use, cell bookkeeping resolution used  by over 350,000 SMEs in Nigeria. Utilizing the app, small enterprise homeowners can maintain observe of debtors and ship automated debt reminders. 

The startup final November introduced a US$3.2 million pre-seed funding spherical led by Goal World, and it has now launched its second product – Kippa Funds. Obtainable to entry throughout the current Kippa app, Kippa Funds permits clients to ship transfers and funds for payments, in addition to invoices with embedded fee hyperlinks. The brand new product can routinely detect, report, synchronise and due to this fact validate customers’ enterprise information, which was beforehand self-recorded by retailers on the app. 

“We’re very proud to be launching our new digital funds resolution in the present day, which comes at a key time for Nigeria’s fintech sector, as demand from SMEs for digital funds options continues to rise,” Chidozie-Uche mentioned. “Kippa Funds may also allow us to have a deeper understanding of our clients by way of transactional information, in order that we are able to provide extra tailor-made and bespoke merchandise over time, unlocking deeper worth throughout the Kippa ecosystem  alongside our current options.” 

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