Afrigather Kippa, the monetary administration startup backed by Goal World, is pivoting from fintech and is piloting a brand new edtech service that allows anybody to create new on-line programs or ship thrilling ones in bite-sized codecs utilizing AI, an ex-employee with information of the enterprise advised TechCabal.
Kippa has created a new website for its new product, with which customers can produce on-line programs and ship these programs utilizing messaging instruments like WhatsApp and Telegram.
Kippa declined to touch upon any a part of this text.
Kippa’s pivot from monetary administration and bookkeeping is unsurprising given the corporate’s struggles up to now 12 months. In 2023, the corporate laid off 40 employees after a troublesome resolution to shut down Kippa Pay, its company banking enterprise. A minimum of two ex-employees stated the layoffs have been stunning.
“One month earlier than the layoff, in a basic assembly, certainly one of my colleagues requested the CEO—Kennedy Ekezie—if there can be job cuts, and he stated no,” stated an ex-employee.
KippaPay was later transferred to the Nigerian fintech firm Bloc, and a few of Kippa’s workers moved to Bloc as a part of that course of.
“I do know that the whole engineering crew was laid off,” one other ex-employee stated, claiming that lower than ten individuals are engaged on the brand new edtech product.
“Monty Dimpka, who was laid off, rejoined as engineering lead for the brand new product. There’s additionally an online engineer, a finance supervisor, a customer-facing workers, and a product supervisor in India engaged on the product.”
With this transition, Kippa leaves behind discontinued and unreleased initiatives. Two workers advised TechCabal that earlier than the corporate shut down its company banking product, there had been plans to unify it with the bookkeeping app. There have been additionally plans to monetize its Bill service, however none labored out. “I’m rooting for them, although. Kennedy is a superb man.”
