Chamakinc provides a fully digital platform that lets corporate suppliers, exporters, and importers execute local and cross‑border payments, issue electronic letters of credit or bank guarantees, and obtain on‑demand invoice financing or factoring—all from a mobile device.
Funding
Funding not disclosed
Founders
Product
Problem
Suppliers, exporters, and importers often face slow, paper‑based processes for cross‑border payments, letters of credit, bank guarantees, and trade financing, leading to high transaction costs and delayed cash flow.
Solution
Chamakinc offers a fully digital platform that connects users to local and global banks, enabling instant settlement of local and international payments, electronic issuance of trade guarantees such as sight, usance, and smart LCs, and on‑demand invoice financing or factoring. The platform automates workflow end‑to‑end, eliminating paperwork and reducing processing time by up to five times while lowering fees. Real‑time settlement and mobile access allow participants to manage payments and guarantees from any device. Integrated compliance and legal backing ensure that trade receivables are secure and verifiable. The solution provides a single interface for both payment and financing activities, streamlining trade operations.
Target Audience
Primary customers are corporate suppliers, exporters, and importers that require fast, low‑cost trade payments, guarantees, and financing, as well as banks seeking to digitize their trade services.
Features
- Real‑time local and cross‑border payments in multiple currencies (e.g., USD, EUR) via direct bank connections
- Mobile issuance of electronic letters of credit and bank guarantees, including sight, usance, and smart LCs
- Instant invoice financing and factoring with digital underwriting and legal backing
- Fully automated, paperless transaction flow with integrated compliance checks
- Unified dashboard to manage payments, guarantees, and financing in one platform
- API integration capability for seamless connection with enterprise ERP and accounting systems