KANAK is a fintech company that provides a cloud-based integrated payment solution, utilizing biometric authentication technology for secure transactions. Their platform enhances payment efficiency and reduces costs for both online and offline businesses, addressing the challenges of fragmented payment systems.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses face challenges with fragmented payment systems, leading to inefficiencies and increased costs in processing transactions across various online and offline channels. Traditional payment methods often lack robust security measures, increasing the risk of fraud and unauthorized access.
Solution
KANAK offers a cloud-based, integrated payment solution that streamlines transaction processing for both online and offline businesses. The platform utilizes biometric authentication technology, specifically palm vein recognition, to enhance security and reduce fraud. KANAK's solution consolidates various payment methods into a unified system, providing a single view for reconciliation and reporting. By integrating with multiple payment gateways, KANAK enables businesses to offer customers a wide range of payment options while optimizing operational efficiency and reducing costs associated with managing disparate payment systems. The Handit service, a key component of KANAK, extends these capabilities by providing a dedicated bio-authentication and payment solution.
Target Audience
KANAK primarily targets businesses seeking to streamline their payment processes, enhance security, and reduce costs associated with managing multiple payment systems, including retailers, e-commerce platforms, and service providers.
Features
- Cloud-based platform for centralized payment processing and management
- Biometric authentication using palm vein recognition for secure transactions
- Integrated support for various online and offline payment methods
- Real-time transaction monitoring and reporting
- Integration with existing accounting and ERP systems
- Handit service for bio-authentication and payment solutions
- Electronic financial services based on cloud infrastructure