Canta is a cross-border payment platform focused on enabling Africans to send and receive money globally from any device. The platform provides a secure and fast payment process to ensure timely transactions.
Funding
$50K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional cross-border payment systems for Africans often involve high fees, slow transaction times, and a lack of transparency, hindering international trade and personal remittances. Existing solutions may not cater to the specific needs of African merchants and individuals, limiting their access to the global economy.
Solution
Canta provides a digital platform that enables Africans to send and receive money globally with speed, security, and transparency. The platform offers multi-currency accounts, allowing users to hold and convert over 50 currencies instantly at real-time exchange rates. Canta streamlines international payments for merchants, exporters, and individuals, facilitating seamless transactions with suppliers and beneficiaries across 120 countries. By eliminating intermediaries and leveraging a modern infrastructure, Canta reduces transaction costs and ensures faster settlement times compared to traditional methods like SWIFT. The platform also prioritizes compliance and data security, building trust through transparent fees and adherence to global regulations.
Target Audience
Canta primarily targets African merchants, exporters, and individuals who require efficient and cost-effective cross-border payment solutions for international trade, remittances, and other financial transactions.
Features
- Multi-currency accounts supporting over 50 currencies
- Real-time FOREX market rates for currency conversion
- Fast and secure cross-border payments to 120 countries
- Transparent fee structure with no hidden charges
- Local currency collection capabilities
- Virtual KYC for instant user verification
- 2-Factor Authentication for transaction security
- Dedicated customer success managers for personalized support
- Mobile app for iOS and Android