Sometimes small businesses face the challenge of learning how to develop effective bookkeeping practices. This obstacle could lead to disrupted cash flow and a failure to meet the financial obligations of one’s business. Looking to resolve this issue in Nigeria is the startup Kippa, which markets itself as the country’s simplest accounting software. Founded by Kennedy Ekezie alongside Duke Ekezie and Jephthah Uche in February 2021, the application is designed to help small business owners create a bookkeeping system that will help them “recover debts 3x faster,” TechCrunch reports. According to Kippa, a stand-out feature on its application is customers who have not made payments can not only be tracked, but they will receive an automated reminder message for the business owner to recover debts. In addition, businesses can manage inventory, track daily cash flow and expenses, create invoices and generate receipts. “For us, what we do is we have such a unique opportunity to provide...
Ciearra Baker probably never thought she’d become known as the “Vending Machine Mom” when she made a Christmas Eve post on Facebook. The single mother from St. Louis, MO, quickly went viral when she posted a photo of her children with a rather unconventional “present.” “Let’s not handicap these kids making their lives easy,” wrote the woman who would become known as the Vending Machine Mom. “I’m not buying toys my kids most definitely will understand. Life is not easy and making the right choices with money & etc… So I came up with the idea to invest in a vending machine for the kids as Christmas gift #Young bosses in the making 👌💪🏽👏🏽🤑 MERRY XMAS!” Some commenters thought the idea was a good one. “I love this so much! I started selling candy at school when I was little to make my money and now I’m 24 and have a small business and I love it!” wrote one woman. Others, however, weren’t as welcoming to the idea. “Not you shaming other parents for getting their kids gifts instead of...
Nigerian transportation platform Treepz has now acquired Ugabus — a bus transportation service that groups inter-city bus operators in Uganda — due to an acquisition totaling $1.5 million in funding. According to TechCrunch, the funds served as an addition to a previous seed round from August, in which $1.3 million was raised. The contributors to the extension were Japan-based Uncovered Fund, Dubai-based Blanford Capital and Jonomi Capital and Egypt-based Jedar Capital. With recent funding, Ugabus — to be renamed Treepz beginning on Dec. 1 — currently houses 70 percent of the country’s bus operations and over 50,000 customers in Uganda, TechCrunch reports. Now the Nigerian transportation platform is one step closer to fulfilling its plans to expand throughout the continent. “We’ll be able to service most of the major cities in Uganda, but the good thing about East Africa is they have very seamless borders between the countries, so it’s easy to move from Uganda to Rwanda, Uganda to...
After losing millions of dollars and users within the past year, SnapChat has launched original shows within the app to reverse its downward spiral. The company lost 3 million daily users last quarter and plans to use the shows gain back its popularity. The Originals will appear up in SnapChat’s Discover page, which have a tab dedicated for the shows. Some of the SnapChat Originals have been produced by the makers of “Keeping Up With The Kardashians” and “Friday Night Lights.” SnapChat already has a docuseries centered around viral star Bhad Bhabie, a.k.a. the “cash me outside” girl, a RomCom and a few drama for users to enjoy. The company is also offering an augmented reality feature that lets users experience scenes from the Originals and set them to friends. SnapChat lost $353 million last quarter and will use advertisements in the shows to increase its cash flows. Each show will have two to three, six-second non-skippable commercials sold by SnapChat, the show’s producers or a...