Kenyan Fintech Churpy Raises USD 1 Mn Seed Round

Churpy, a fintech offering an integrated receivables management product, has announced a USD 1 Mn seed round led by Unicorn Growth Capital. Antler East Africa, Nairobi’s business angel network, and a group of Rally Cap LPs, including senior executives from Stripe also participated.

Churpy has developed a SaaS-based payment and invoice reconciliation product. Its API connects them to banks with a significant local presence including Citibank, Sidian, Stanbic, and NCBA. Clients get real-time access to data to help them address incoming invoices through their ERP systems. Churpy plans to use the funds to support its expansion to Egypt, Nigeria, and South Africa. They later plan to grow across Africa.