Big News: Kippa, Supported by Target Global, is Shifting Focus to Education Technology (EdTech)

Kennedy-Ekezie, CEO, Kippa

In recent news, Kippa, a startup known for helping people manage their finances, is making a big change. Instead of focusing on financial technology (fintech), they’re shifting gears to education technology (edtech). This means they’re creating a new service that lets anyone make online courses, using artificial intelligence (AI) to make them even better. 

According to someone who used to work at Kippa, the company is testing out this new edtech service. They’ve even made a whole new website for it! This website lets users create courses and share them using messaging apps like WhatsApp and Telegram.

Kippa hasn’t said anything about this change, but it’s not too surprising. They’ve had a tough year, with layoffs and shutting down some of their services. Last year, they had to let go of 40 employees when they decided to close Kippa Pay, their banking service. Some ex-employees said they were surprised by the layoffs because the CEO had said there wouldn’t be any.

After Kippa Pay closed down, it was taken over by another Nigerian fintech company called Bloc. Some Kippa employees moved to Bloc as part of this change. 

Now, Kippa is focusing on their new edtech product. They’ve put together a small team to work on it, including a web engineer, a finance manager, and a few others. Even though they’re starting fresh, they’re leaving behind some old projects. Before they shut down Kippa Pay, they had plans to combine it with their finance app and make money from their Invoice service. But those plans never worked out.

Despite the challenges, some people are still rooting for Kippa. They believe in the CEO and think he’s doing his best to make things work. 

In the end, Kippa’s shift to edtech might be just what they need to turn things around. Only time will tell if this new direction will lead to success, but for now, they’re taking a leap of faith into the world of online learning.