logo
logo

Churpy Raises $1 Million To Help Enterprises Reconcile And Manage Payments Across Africa

Mar 29, 2022•over 3 years ago

Amount Raised

$1 Million

Round Type

seed

Description

Churpy, a fintech startup based in Kenya, is looking to expand across Africa by setting up hubs in Egypt, Nigeria and South Africa for a planned continent-wide growth, driven by the $1 million in seed funding it has just raised.

Company Information

Company

Churpy

About

Churpy’s partner banks have a presence across Africa, which Mukuna said, will make it easier for the startup to scale its operations. The startup is conducting a pilot programme with some of the major manufacturing and service enterprises in Kenya, including Unga Limited and Chandaria Industries. The startup has partnered with a number of banks to roll out the service as part of its strategy of unlocking other services around accounts reconciliation. “Churpy is the only available end-to-end platform that provides accounts receivable automation, an invoice marketplace and reconciliation with integrated B2B payments specific to its markets.