Nigerian fintech plans to kick out dozens of staff
Nigerian fintech startup, Kippa, announced it would, in December, lay off 75 of its workers. The firm said its decision to discontinue its offline payments product, KippaPay. Per LinkedIn data, necessitated their sack.
“This has been an incredibly difficult decision for us to make, but we are incredibly proud of the work this team has done, and the impact KippaPay has had on our merchants,” Kennedy Ekezie, co-founder and CEO of Kippa.
KippaPay will cease to exist on November 15 but “will provide support for our merchants and partners helping them transition off the product and resolve any pending settlements,” Ekezie said.
According to the CEO, KippaPay is being discontinued due to “profitable product portfolio consolidation”.
Kippa is one of the bookkeeping platforms for small and medium businesses in sub-Saharan Africa. Although it started with this solution, the startup launched KippaPay in April 2023, a payment solution enabling users to send and receive payments from customers and perform extended payment transactions automatically.
