Kapaga
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Kapaga was a London-based cross-border payment service founded in 2020 by Bloomberg alumna Katya Dorofejeva. It facilitated international trade for SMEs: its cloud architecture let companies send and bill money to more than 190 countries in multiple currencies through a single secure application process. The company served over 200 UK SMEs and corporate entities and grew revenue past 10 million pounds a year before being acquired by Dutch fintech FINOM in November 2022 in a deal worth over 10 million pounds.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Kapaga was founded in London by Katya Dorofejeva to provide cross-border payment services facilitating international trade for SMEs.
- Acquired by FINOM
In November 2022 Dutch SME financial management platform FINOM acquired Kapaga for an eight-figure sum (over 10 million pounds) to expand into the UK market.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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