Kipp

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 November 2024, Kipp joined the FIS Accelerator Program, signaling a strategic move to drive fintech innovation.

Business overview

Kipp develops technology that bridges the gap between card issuers and merchants to increase transaction approval rates, thereby driving revenue and customer loyalty. The company's core product, Kipp Connect, enables issuers to create new revenue streams by allowing merchants to pay a premium for payment authorization without incurring additional risk. Kipp serves the Fintech & Insurtech sector, specifically focusing on money transfer and management, and operates in geomarkets including the United States and Europe.

Strategic signal

In November 2024, Kipp joined the FIS Accelerator Program, a significant development that positions the company to drive fintech innovation. This participation indicates a strategic validation of Kipp's technology and its potential to integrate within broader financial ecosystems, signaling to investors a strong trajectory for market expansion and product development through key industry partnerships.

Company Intelligence Q&A

What is Kipp's primary offering?

Kipp connects card issuers and merchants to enhance payment authorization rates, aiming to increase revenue and loyalty for both parties. Issuers can generate new revenue streams by charging merchants a premium for authorizing card payments, 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.

What significant program did Kipp join in November 2024?

In November 2024, Kipp joined the FIS Accelerator Program, an initiative designed to foster fintech innovation.

Which program did Mastercard welcome Kipp into in June 2024?

In June 2024, Mastercard welcomed Kipp into its Start Path Emerging Fintech program, which supports startups building resistant cyber operations and other fintech solutions.

What partnership did Kipp announce in July 2023?

In July 2023, Kipp partnered with Primer to improve payment authorization rates, as reported by IssueWire.