Kippa (company)

Last updated

Kippa is a Nigerian software and financial services company based in Lagos, Nigeria. [1] The company was founded by brothers Kennedy Ekezie and Duke Ekezie.

History

Kippa was founded in June 2021 by Kennedy Ekezie and Duke Ekezie. [2] The company provides a full-service financial management and payments platforms for small businesses in Nigeria. [3] The company also offers a business incorporation software suite for businesses. [4]

Kippa allows merchants or SMEs to record and track payments made by customers. Kippa offers an automated inventory management and debt collection system. Kippa is currently available only in Nigeria. In September 2022, the company raised $8.4million in seed round to develop products for SMEs. [5] [6]

Related Research Articles

<span class="mw-page-title-main">Opera (company)</span> Norwegian software company

Opera Limited is a multinational technology conglomerate holding company headquartered in Oslo, Norway with additional offices in Europe, China, and Africa. Opera offers a range of products and services that include a variety of PC and mobile web browsers, GameMaker and gaming portals, the Opera News content recommendation products, the Opera Ads platform, and a number of Web3 and e-commerce products and services. The company's total user base is 311 million monthly active users.

<span class="mw-page-title-main">Intuit</span> American financial software company

Intuit Inc. is an American multinational business software company that specializes in financial software. The company is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi. Intuit's products include the tax preparation application TurboTax, the small business accounting program QuickBooks, the credit monitoring and personal accounting service Credit Karma, and email marketing platform Mailchimp. As of 2019, more than 95% of its revenues and earnings come from its activities within the United States.

<span class="mw-page-title-main">FIS (company)</span> American information technology company

Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech, and as of Q2 2024 it offers its solutions in two primary segments: Banking Solutions & Capital Market Solutions. Annually, FIS facilitates the movement of roughly $9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.

Deluxe Corporation is a modern payments and data company. Its four business divisions are B2B payments, data, print, and merchant services. Deluxe has approximately 3 million small businesses and 4,000 financial institutions as customers.

<span class="mw-page-title-main">Outright</span> Accounting software application

Outright was an accounting and bookkeeping software application that assists small businesses and sole proprietors with managing their business's income and expenses. In May 2022, GoDaddy announced the software would be discontinued on June 18, 2022.

<span class="mw-page-title-main">Zoho Corporation</span> Indian multinational technology company

Zoho Corporation is an Indian multinational technology company that makes computer software and web-based business tools. It is best known for the online office suite offering Zoho Office Suite. The company was founded in 1996 by Sridhar Vembu and Tony Thomas and has a presence in seven locations with global headquarters in Chennai, Tamil Nadu, India, and corporate headquarters outside of Austin in Del Valle, Texas. Radha Vembu, Sridhar Vembu's sister, owns a majority stake in the company.

<span class="mw-page-title-main">Stripe, Inc.</span> Irish-American multinational financial services and SaaS company

Stripe, Inc. is an American multinational financial services and software as a service (SaaS) company dual-headquartered in South San Francisco, California, United States and Dublin, Ireland. The company primarily offers payment-processing software and application programming interfaces for e-commerce websites and mobile applications.

<span class="mw-page-title-main">Wave Financial</span> Canadian provider of financial software and services for small businesses.

Wave is a Canadian company that provides financial services and software for small businesses. Wave is headquartered in the East Bayfront neighborhood in Toronto, Canada.

|abbreviation =SMEDAN |head_office =Abuja |year_established =2019 |motto = |Director_General/CEO = |website =smedan.gov.ng}}

Sybrin is a software company headquartered in Johannesburg, South Africa that sells enterprise software and services to the financial services, insurance, and telecommunications industries. Sybrin implemented the first cheque truncation system in Africa, the third in the world, in Malawi.

<span class="mw-page-title-main">PayU</span> Fintech company that provides payment solutions to online merchants.

PayU is a Netherlands-based payment service provider to online merchants. The company was founded in 2002, and is headquartered in Hoofddorp. It allows online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications. As of 2018, the service is available in 17 countries. The firm is owned by the Naspers Group, which also owns a stake in one of its sister companies, Tencent.

<span class="mw-page-title-main">Sage Intacct</span> American financial software company

Sage Intacct, Inc is an American provider of cloud-based financial management and services available a number of regions around the globe – including the United States, Canada, the UK, Australia, and South Africa. Its products offer cloud-based accounting applications that enable business payments, manage and pay bills, and facilitate payroll functions.

Flutterwave is an American fintech company that provides a payment infrastructure for global merchants and payment service providers across the continent.

Lesaka Technologies is a South-African financial technology company that is listed on the NASDAQ and Johannesburg Stock Exchange .Lesaka’s primary focus is on financial inclusion, offering financial services to previously underserved communities and merchants.

Square is a financial services platform by Block, Inc. for small and medium-sized businesses. It enables accepting credit card payments using smartphones as POS registers, and facilitates various business operations. As of 2023, Square reports 4 million merchant clients and an annual payment value of US$210 billion.

<span class="mw-page-title-main">Paystack</span> Nigerian financial technology company

Paystack is a Nigerian financial technology company that offers payment processing services to businesses and was acquired by Irish-American financial services company Stripe for $200M in 2020. Its headquarters is located in Lagos, Nigeria.

Moniepoint is a Nigerian fintech company based in Lagos that provides banking services and loans via an online banking app. The company was founded by Tosin Eniolorunda and Felix Ike in 2015.

<span class="mw-page-title-main">Kennedy Ekezie</span> Nigerian entrepreneur and philosopher

Kennedy Ekezie-Joseph is a Nigerian-born entrepreneur and philosopher. He is the co-founder and current chief executive officer of Kippa.

The development of neobanks in Europe is a trend in the European financial landscape beginning in the 2010s. Neobanks are a type of digital-only bank that offer financial services primarily through mobile and web applications, with little or no reliance on physical branches. The trend was driven by advancements in technology, changing consumer preferences, and supportive regulatory frameworks. Neobanks provide a range of services, including personal accounts, loans, and payment services, with a focus on user-friendly interfaces, low fees, and innovative features. In 2022, European neobank market have generated over 570B transactions.

The European Merchant Bank is a small Lithuanian digital neo bank established in 2018. The bank focuses on Small and medium-sized enterprises (SMEs) in the fintech space.

References

  1. Jackson, Tom (2022-04-13). "Nigeria's Kippa launches new digital payments product for African SMEs". Disrupt Africa. Retrieved 2023-04-03.
  2. "Kippa names Duke Ekezie-Joseph as President". Benjamindada.com, modern tech media in SSA. 2022-05-04. Retrieved 2023-04-03.
  3. Adeyemi, Daniel (2022-09-09). "Kippa secures Super-Agent banking licence as it extends ambition to help Nigerian SMEs". TechCabal. Retrieved 2023-04-03.
  4. Prosser, David. "Kippa Aims To Unlock The Potential Of Africa's Small Businesses". Forbes. Retrieved 2023-04-03.
  5. Kene-Okafor, Tage (2022-09-12). "Nigerian financial management app for merchants Kippa bags $8.4M in new funding". TechCrunch. Retrieved 2023-04-03.
  6. Partners, N. M. (2022-07-26). "The MSME Report: Fuel For Africa's Next Billion Businesses by Kippa". Nairametrics. Retrieved 2023-04-03.