Kippa, a Nigerian based business accounting startup, has raised US$3.2-million seed equity funding from investors by Target Global with participation from Entrée Capital, Alter Global and Rally Cap Ventures. Kippa has an accounting platform developed to assist merchants to increase cash flow by recovering debts, record sales and expenses, create invoices and receipts, manage inventory and track overall profit. The company was established in 2021 by Kennedy Ekezie, Duke Ekezie and Jephtah Uche. The seed funding provided will assist in expanding the startup, which has been able to provide support for merchants that process millions of Nigerian Naira in revenue.
Target Global is a European based venture capital investor that has invested globally in startups with great potential. The firm is headquartered in Berlin with over €3-billion in assets under management and has an experienced team of more than 70 professionals with substantial operational and investment experience. Target Global has invested in companies such as Cazoo, Cobee, Clark, Babadu, Amboss, Bird, Blackmoon, Blue Apron, Bloom, Branded and BestDoctor among many others.