The Fintech solution was developed to help Kenyan SMEs easily manage their accounting operations at a fraction of the usual costs.

Lipana is a fintech solution developed by a Kenyan startup. It allows Kenyan SMEs to keep their accounts as well as send and receive payments through M-Pesa.

“We saw a need for a cheaper, easier-to-use bookkeeping solution since the existing players include Sage and Quickbooks, which are usually too complicated and expensive for the small business owner to use. Lipana solves this by being the easiest bookkeeping application for small businesses in Kenya,” says Shadrack Apollo, co-founder of Lipana.

The solution has no mobile app. On its web platform, users can register for an account to access the numerous services offered, including sending invoices and quotes, accepting payments, sending invoice reminders, and monitoring the paid, and unpaid invoices. They can also send payments via M-Pesa, bank cards, or any other mobile money or bank account.

Lipana also makes it easy to classify client information, payments, and invoices and monitor company expenses. It charges its users Ksh999 (US$8) monthly, Ksh4,999 per semester and Ksh9,999 per year.

Adoni Conrad Quenum