Dukka
“Can a bookkeeping app for African informal-sector SMBs become their financial operating system — payments, POS, and credit — via a home-grown Nigerian financial entity?”
Founded2021
HQNigeria
FoundersKeturah O.
Total raised$1.1M
Latest roundSeed, 2023
IndustryVertical SaaS / SMB Bookkeeping & Payments (Africa)
The story
Dukka started in 2021 as a digital bookkeeping app for underbanked African small businesses. It expanded from ledger/receipts into embedded finance — launching a POS terminal, Dukka Balance (a wallet-style account operated by Dukka Capital Limited in Nigeria), and Dukka Launchpad small business loans. The company remains early-stage (16 employees, ~$1.1M raised) and is building its own regulated Nigerian subsidiary rather than a public BaaS-vendor stack.
Last 12 months
—
Product timeline
2021
Founded to provide digital bookkeeping for African SMBs.· founding
2023
Launched Dukka POS terminals and cashless payment products for SMEs.· card
2023
Launched Dukka Balance financial services product via Dukka Capital Limited.· banking
2023
Launched Dukka Launchpad including small business loans.· lending
Regulated entities
2
regulatory licences held by Dukka
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Dukka’s embedded-finance stack
Payments / PSP
Dukka POS (self-operated)
Banking / BaaS
in the full report
Lending
in the full report
Accounting gap: significant
4 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.