An e-commerce platform in Kenya that was acquired by Lipa Later, aiming to integrate BNPL services.
Inside the failed courtship between Kenya BNLP startup Lipa Later and Nigeria’s Klump
Klump was introduced to Lipa Later by an investor, leading to discussions about a potential acquisition. Lipa Later had recently raised $12 million and was looking to expand its operations across Africa.
Lipa Later: A Cautionary Tale of Africa’s BNPL Tech Ecosystem as It Faces Administration
Lipa Later celebrated a $10 million funding round in late 2024, intended for expansion across Africa. The company entered administration on March 24, 2025, under the control of Joy Vipinchandra Bhatt.
