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Churpy is a financial technology company based in Nairobi, Kenya, that develops automated account receivables management and invoice reconciliation software for enterprise businesses operating across the African continent. The core platform streamlines corporate cash flow operations by providing bank payment matching, transaction harmonization, electronic invoice presentment, and specialized trade finance solutions designed to eliminate manual financial processes. Following a dedicated $1 million seed funding round completed in March 2022, the enterprise outlined strategic plans to expand its operational footprint into key regional markets, specifically targeting Egypt, Nigeria, and South Africa. The company has raised a total of $1.1 million in venture capital to date, backed by lead investor Unicorn Growth Capital alongside Antler, Nairobi Business Angel Network, and Rally Cap Ventures. Churpy was founded in 2020 by John Kiptum Juma and Kennedy Mukuna.
Churpy has raised $1.0M across 1 funding round.
Churpy has raised $1.0M in total across 1 funding round.
Churpy is a Kenya-based fintech startup that provides an integrated SaaS platform for automating account receivables management, primarily targeting enterprises in Africa.[1][2][3] It serves businesses struggling with manual reconciliation of incoming payments and invoices by offering real-time bank transaction data integration via APIs connected to major banks like Citibank, Sidian, Stanbic, and NCBA, alongside ERP system compatibility for accounting and supply chain operations.[1][2] The product solves labor-intensive debt collection processes through tools like the Churpy FinData API for transaction harmonization, Electronic Invoice Presentment and Payment for digitized invoicing, and Trade Finance for supply chain working capital optimization.[2] In 2022, Churpy raised $1 million in seed funding to fuel continent-wide expansion into hubs like Egypt, Nigeria, and South Africa, hiring talent and enhancing product development amid growing demand for efficient payment reconciliation.[1]
Churpy was co-founded in 2021 by John Kiptum (CEO) and Kennedy Mukuna, who met at Antler East Africa's accelerator program.[1] Both bring deep expertise in data analytics, banking, and risk management from roles at organizations like the World Bank and Citibank, giving them firsthand insight into customer pain points in payment reconciliation and receivables management.[1] The team expanded with James Kanyangi, adding strengths in payment operations, AI, and robotics.[1] Early traction came from partnerships with regional banks, enabling API-driven access to real-time statements, which addressed manual processes prevalent among African enterprises and set the stage for scalable growth.[1]
(Note: A separate entity at churpy.io offers AI-powered cold email and video outreach tools, but this profile focuses on the fintech Churpy at churpy.co, as it matches the African enterprise context.[4])
Churpy rides the African fintech boom, where digital payments and automation address fragmented banking infrastructure and high manual overhead in receivables—key barriers for enterprises amid rising cross-border trade.[1] Timing aligns with Africa's expanding digital economy, bank digitization, and ERP adoption, amplified by post-2022 funding for regional hubs that tap into Nigeria's and South Africa's markets.[1] Market forces like increasing e-commerce, supply chain finance needs, and partnerships with global banks (e.g., Citibank) favor its growth, positioning Churpy to influence ecosystem efficiency by standardizing receivables processes and enabling faster working capital access for SMEs and enterprises.[1][2]
Churpy's trajectory points to accelerated pan-African dominance in receivables automation, with seed-funded expansions likely yielding deeper bank integrations and AI-driven features by 2026.[1] Trends like AI-enhanced finance, real-time payments, and regulatory pushes for digital trade (e.g., AfCFTA) will propel it, potentially evolving into a full-stack B2B fintech platform influencing startup financing norms. As Africa's payment reconciliation modernizer, Churpy exemplifies how targeted SaaS tackles continent-specific inefficiencies, promising outsized impact for investors eyeing fintech scale.
Churpy has raised $1.0M in total across 1 funding round.
Churpy's investors include Barbara Iyayi, Expert Dojo, Microtraction, Unicorn Growth Capital, Antler, Nairobi business angel network, Rally Cap Ventures.
Churpy has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in March 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2022 | $1M Seed | Barbara Iyayi | Expert Dojo, Microtraction, Unicorn Growth Capital, Antler, Nairobi Business Angel Network, Rally CAP Ventures | Announced |
