Nigeria’s Kippa Gets 32m Pre-Seed for Its Small Business Finance Management App

In Nigeria, some go to the extent of keeping information offhand. All these inefficiencies, asides from being time-consuming, lead to errors and affects cash flow and finance, which is why almost nine out of 10 small businesses in the country fizzle out in the first five years.

Nigerian startup Kippa, attempting to improve the life cycle of these small businesses with its finance management app, has raised $3.2 million in pre-seed funding.

The startup’s new financing round was led by Berlin-based VC Target Global. Entrée Capital, Alter Global and Rally Cap Ventures are the other participating VCs.