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Kippa

“Can a Nigerian merchant bookkeeping app become the financial operating system for African SMEs before runway expires?”

Founded2021
HQLagos, Nigeria
FoundersKennedy Ekezie-Joseph, Duke Ekezie, Jephthah Uche
Total raised$11.6M
Latest roundSeed, September 2022
IndustryVertical SaaS / SMB Bookkeeping (Africa)

The story

Kippa launched in 2021 as a finance-management and bookkeeping app for Nigerian small merchants, in the same wave as Kudi, Bumpa and OZÉ. After raising $8.4M seed in 2022, it sought to layer financial products (payments, lending) onto its merchant base. PitchBook now records the company as out of business, indicating the embedded-finance expansion did not reach durable scale.

Last 12 months

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Product timeline

2021

Launched as bookkeeping app for Nigerian small merchants· launch

2021

Raised $3.2M pre-seed led by Target Global· funding

2022

Raised $8.4M seed to expand into financial products for SMEs· funding

2025

Listed as out of business per PitchBook· shutdown

The stack

0 layers disclosed in Kippa’s embedded-finance stack

Accounting gap: none

Kippa — frequently asked

Who founded Kippa?

Kippa was founded by Kennedy Ekezie-Joseph, Duke Ekezie and Jephthah Uche and is founded in 2021, headquartered in Lagos, Nigeria.

How much funding has Kippa raised?

Kippa has raised $11.6M in total (latest round: Seed, September 2022).

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