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After shelving the agency banking product in October, Kippa has transferred KippaPay to another fintech startup, Bloc. However, the co-founder says it is not an acquisition.
The conflict emerged as Kenyan e-commerce giant Twiga transitioned from high growth to profitability, leading to payment delays on a three-year $3 million cloud services contract.
Pivo, a Nigerian supply chain fintech, has shut down. The Y Combinator-backed startup has ceased operations a year after securing a $2 million seed round.