About Kappa
Kappa is a company based in Boston (United States) founded in 2021 by Pankaj Kumar Pant and Mina Ndedi Eyango. It operates as a FinTech, and Commission-Based. Kappa has raised $10.75 million across 2 funding rounds from investors including Morningside and Lake Partners. Kappa offers products and services including Cross-Border Payments. Kappa operates in a competitive market with competitors including Wise, CurrencyFair, Remessa Online, TransferGo and Western Union, among others.
- Headquarter Boston, United States
- Founders Pankaj Kumar Pant, Mina Ndedi Eyango
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Kappa Pay Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.75 M (USD)
in 2 rounds
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Latest Funding Round
$8.65 M (USD), Series A
Mar 27, 2024
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Investors
Morningside
& 1 more
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Employee Count
Employee Count
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Products & Services of Kappa
Kappa offers a comprehensive portfolio of products and services, including Cross-Border Payments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Payments are facilitated globally for businesses and individuals.
Funding Insights of Kappa
Kappa has successfully raised a total of $10.75M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8.65 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $8.7M
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First Round
First Round
(14 Oct 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - Kappa | Valuation |
investors |
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| Oct, 2021 | Amount | Seed - Kappa | Valuation | Morningside |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Kappa
Kappa has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Morningside and Lake Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in by Morningside, a VC fund.
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Founded Year | Domain | Location | |
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Strategy consulting firm providing answers to complex business questions and recommendations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kappa
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Kappa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kappa Comparisons
Competitors of Kappa
Kappa operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wise, CurrencyFair, Remessa Online, TransferGo and Western Union, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border remittances are enabled for individuals and businesses via apps.
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| domain | founded_year | HQ Location |
Cross-border money transfers are enabled through CurrencyFair's platform.
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| domain | founded_year | HQ Location |
International payments are enabled online for consumers and businesses.
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| domain | founded_year | HQ Location |
Cross-border remittances are enabled for consumers and businesses.
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| domain | founded_year | HQ Location |
Provider of remittance services
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| domain | founded_year | HQ Location |
Cross-border remittance solution
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Kappa
When was Kappa founded?
Kappa was founded in 2021.
Where is Kappa located?
Kappa is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Kappa a funded company?
Kappa is a funded company, having raised a total of $10.75M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.1M, raised on Oct 14, 2021.
What does Kappa do?
Cross-border payment services are offered by Kappa, primarily targeting African businesses and individuals. Operations are focused in Cameroon and the CEMAC region, with transactions enabled to destinations like the USA, France, UK, China, and UAE. Solutions include fast payment processing, low transaction fees, high limits, and secure technology with encryption and anti-fraud measures. Support is provided in English and French to assist users.
Who are the top competitors of Kappa?
Kappa's top competitors include Wise, TransferGo and Remessa Online.
What products or services does Kappa offer?
Kappa offers Cross-Border Payments.
Who are Kappa's investors?
Kappa has 2 investors. Key investors include Morningside, and Lake Partners.