Klosa is a cross‑border financial app that lets Canadians send money instantly to Ghanaian bank accounts, pay bills, top up airtime, and invest in T‑Bills—all from a single mobile interface. Users connect a Canadian debit card or bank account, and transfers are completed in under two minutes with zero fees and bank‑level encryption. The service targets the Ghanaian diaspora, offering real‑time exchange rates and a streamlined workflow that eliminates traditional wire‑transfer paperwork.
Funding
Funding not disclosed
Founders
Product
Problem
Ghanaians living abroad often face high fees, slow processing times, and limited options when trying to send money, pay bills, or top up services for family back home, making it difficult to provide timely financial support.
Solution
Klosa offers a mobile application that enables Canadians of Ghanaian origin to transfer funds directly to Ghanaian bank accounts, pay utility bills, top up airtime, and invest in government T‑Bills—all without transaction fees. Users link a Canadian debit card or bank account, and transfers are completed in under two minutes, with recipients receiving the exact local currency amount. The platform employs 256‑bit TLS encryption and is registered with FINTRAC and the Bank of Canada, ensuring regulatory compliance and secure data handling. Real‑time notifications inform beneficiaries when funds arrive, and the app’s “Split Send” feature allows multiple contributors to pool resources for a single payment. By providing a single, streamlined interface for all Ghana‑related financial needs, Klosa reduces reliance on traditional banks and costly wire services.
Target Audience
Primary users are Canadian residents of Ghanaian descent who need to remit money, pay household expenses, or manage financial obligations for family and friends in Ghana.
Features
- Instant transfers to any Ghanaian bank account with delivery in seconds
- Zero transaction fees and live exchange rates (e.g., 1 CAD = 11.42 GHS)
- Secure 256‑bit TLS encryption and FINTRAC‑registered money‑service business status
- Integrated bill payment for utilities, DStv, and other services
- Airtime top‑up capability for Ghanaian mobile networks
- In‑app investment option for Ghanaian Treasury Bills
- “Split Send” functionality for collaborative contributions to a single transfer or bill
- Real‑time notifications to recipients upon fund receipt