Company Overview
Snapshot
Founded in March 2021 by Chanan Lavi and Nir Levy, Kipp operates with 11–50 employees. The company has raised $12.5M across three funding rounds from six investors. In February 2022, Kipp secured seed funding with TLV Partners as a lead investor.
Business overview
Kipp develops a platform that bridges the gap between card issuers and merchants to increase transaction approval rates, thereby driving revenue and customer loyalty. Its core product, Kipp Connect, enables issuers to generate new revenue streams by allowing merchants to pay a premium for payment authorization without incurring additional risk. The company serves the Fintech and eCommerce sectors, operating in markets such as the United States and Europe.
Strategic signal
In November 2024, Kipp joined the FIS Accelerator Program, signaling a strategic move to drive fintech innovation. This participation indicates the company's commitment to advancing its payment solutions and expanding its reach within the financial technology ecosystem, potentially leading to new partnerships and market opportunities.
Log in to access full profile ›Company Intelligence Q&A
- What is Kipp's primary offering?
- Kipp connects card issuers and merchants to enhance transaction approval rates, aiming to boost revenue and foster customer loyalty. Issuers can establish new revenue streams by charging merchants a premium for payment authorization, without taking on additional risk.
- When was Kipp founded and by whom?
- Kipp was founded in March 2021 by co-founders Chanan Lavi, who serves as CEO, and Nir Levy, the CTO.
- Which accelerator program did Kipp join recently?
- In November 2024, Kipp joined the FIS Accelerator Program, focusing on driving fintech innovation.
- What was a significant funding event for Kipp?
- In February 2022, Kipp secured seed funding, with TLV Partners leading the investment round.
- What was a key partnership for Kipp in 2023?
- In July 2023, Kipp partnered with Primer to improve payment authorization rates.