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Kippa, a Nigerian startup committed to improving the lifecycle of small businesses across the country with its financial management and payments platform, has raised USD 8.4 Mn in an oversubscribed seed round. Investors in the round include Goodwater Capital, TEN13 VC, Rocketship VC, Saison Capital, Crestone VC, VentureSouq, Horizon Partners, and Vibe Capital.
Kippa has developed an app that helps merchants to increase cash flow by recovering debts. Using the app, small business owners can keep track of debtors and send automated debt reminders. Merchants using Kippa recover debts three times faster, unlocking critical cash flow that is essential to the survival of their business. The investment will allow it to develop financial products that help SMEs grow their businesses and grow its team in Nigeria.