Kipp

growth-positive

Kipp has been selected to participate in the 2024 FIS Accelerator Program, a prestigious initiative supporting fintech startups. This selection highlights Kipps commitment to financial technology innovation. During the 12-week program, Kipp will collaborate with FIS experts and executives, gaining mentorship and access to potential customers and partners. The program aims to refine Kipps product strategy and enhance its scalability and growth potential. Kipps solution focuses on empowering issuers to approve more debit transactions that exceed account balances, partnering with merchants to manage overdraft risk and enhance customer loyalty. This opportunity positions Kipp to advance fintech innovation alongside industry leaders.

growth-positive

Mastercard has welcomed seven startups from six different countries into its Start Path Emerging Fintech program. The program aims to scale solutions that redefine various sectors including sustainable fashion and healthcare payments. The selected startups will have access to hands-on mentoring, innovation opportunities, and engagement with Mastercard’s global network of banks, merchants, partners, and digital players. The latest cohort includes Nippy, a gig worker tech platform from Argentina, Reflaunt, a technology provider for fashion brands from Portugal, and Volo Health, a healthcare access and payment simplifier from India.

growth-positive

Fintech platform Kipp has announced a partnership with Primer, an automation platform for payments and commerce. The partnership will allow merchants to access Kipp’s platform through Primer, improving payment authorization rates. Kipp’s platform enables issuing banks and merchants to approve legitimate transactions that are unnecessarily declined. The system shares data points and allows merchants and issuing banks to split the risk costs in real time. Kipp has raised US$12.5M from venture capitalists such as TLV Partners, Entrée Capital, IZBA Ventures, R-Squared Ventures, and Augmentum Fintech.

growth-positive

Israeli startup Kipp, founded by Hanan Lavi and Nir Levi, has won first place in a startup competition held by Mastercard at the Fintech Forum CE event in Berlin. Kipp, which employs 15 people and has raised $12.5 million to date, offers a solution to the challenge of transaction rejections by issuing banks. The companys technological platform uses a model that prices different risk scenarios for rejected transactions in real time. The platform enriches the data between the business and the issuing bank, allowing the business to participate in the risk cost, thereby increasing revenue and improving customer satisfaction and loyalty.

growth-positive

Israeli fintech company Kenbi has raised $5 million in a seed funding round led by TLV Partners. The companys technology helps banks, card issuers, and merchants approve transactions that may be incorrectly declined in real-time. Kenbis solution creates a network of authorized banks and merchants to approve legitimate transactions without assuming more risk, leading to increased revenue and customer satisfaction. The company has also joined MasterCard and Enels FinSec Lab. In 2021, approximately $800 billion of credit card transactions were rejected by issuing banks, highlighting the need for solutions like Kenbis. The company was founded in 2021 and its AI-driven technology optimizes the payment model to increase revenue, customer satisfaction, and loyalty.