# Kipp

**Source:** https://www.startuphub.ai/startups/kenbi
**Profile type:** Startup

> Kipp empowers card issuers and merchants to increase purchase approvals and customer satisfaction.

## About

Kipp is a collaboration platform that connects card issuers and merchants to avoid insufficient funds and over-the-limit card declines in real-time. Merchants pay a premium to authorize these transactions, increasing their conversion rates, while issuers gain a new revenue stream and higher authorization rates. Kipp serves card issuers, merchants, and issuer processors.

## Key facts

- **Slug:** kenbi
- **Website:** http://www.letskipp.com
- **Location:** New York, United States
- **Founded:** 2021-03-01 00:00:00
- **Employees:** 30
- **Operating status:** Active
- **Total funding:** $5M
- **Sectors / tags:** Fintech, Merchant, Payments, Embedded Finance, Merchant Services, Card Issuance, Data Analytics
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/kipp-authorize-more/
  - Twitter: https://x.com/letskipp_com

## Frequently asked

### What does Kipp do?

Kipp is a collaboration platform that connects card issuers and merchants to avoid insufficient funds and over-the-limit card declines in real-time. Merchants pay a premium to authorize these transactions, increasing their conversion rates, while issuers gain a new revenue stream and higher authorization rates. Kipp serves card issuers, merchants, and issuer processors. (formerly Kenbi.)

### What is Kipp's revenue?

StartupHub estimates Kipp's annual revenue at $9.0M (range $7.3M to $10.4M, 63% confidence), based on comparable companies in the sector.

### What is Kipp's valuation?

StartupHub estimates Kipp's effective valuation at $20.4M (range $12.5M to $30.0M, 10% confidence), based on comparable companies in the sector.

### How much funding has Kipp raised?

Kipp has raised a total of $5M in funding. The most recent round on record is Seed.

### Where is Kipp headquartered?

Kipp is headquartered in New York, United States.

### When was Kipp founded?

Kipp was founded in 2021.

### What industry does Kipp operate in?

Kipp operates in Fintech, Merchant, Payments, Embedded Finance, Merchant Services, Card Issuance.

### How many employees does Kipp have?

Kipp has approximately 30 people on record.

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