About Kobopay

Kobopay is a multi-currency digital banking platform that enables users to send, receive, and manage funds across various currencies with zero transaction fees. It provides a user-friendly interface for bill payments, savings, and investment services, addressing the challenges of financial accessibility for Africans in a global economy.

```xml <problem> Africans face challenges in the global economy due to limited access to financial services that support multiple currencies and seamless international transactions. Traditional banking systems often involve high transaction fees and complexities when dealing with cross-border payments and currency conversions. This restricts financial flexibility and accessibility for individuals and businesses. </problem> <solution> Kobopay is a multi-currency digital banking platform designed to empower Africans with easy and instant access to global payments. It enables users to send, receive, and manage funds across various currencies with zero transaction fees. The platform provides a user-friendly interface for bill payments, savings, and investment services, addressing the challenges of financial accessibility. Kobopay offers virtual and physical cards for online payments and subscriptions, along with a vault service for savings and investments. </solution> <features> - Multi-currency wallets to send, receive, and hold multiple currencies - Zero transaction fees for currency swaps - Virtual and physical cards for online payments and subscriptions - Bill splitting feature for easy expense management with friends - Vault service for savings and investments - Remittance services at competitive rates - Mobile app available for Android and iOS - KYC verification process within the app </features> <target_audience> The primary target audience is Africans who require a seamless and cost-effective solution for managing finances across multiple currencies and conducting international transactions. </target_audience> ```

What does Kobopay do?

When was Kobopay founded?

Kobopay was founded in 2022.

How much funding has Kobopay raised?

Kobopay has raised 33000.

Who founded Kobopay?

Kobopay was founded by Leslie Emenalo.

Leslie Emenalo - CEO

Founded

2022

Funding

33000

Employees

10 employees

Major Investors

FasterCapital

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Kobopay

Score: 57/100

AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

kobopay.com.ng 300+

Crunchbase

Founded 2022

Funding

Estimated Funding

$33K+

Major Investors

FasterCapital

Team (10+)

Chinemere Okereke

CTO

Leslie Emenalo

CEO

Company Description

Problem

Africans face challenges in the global economy due to limited access to financial services that support multiple currencies and seamless international transactions. Traditional banking systems often involve high transaction fees and complexities when dealing with cross-border payments and currency conversions. This restricts financial flexibility and accessibility for individuals and businesses.

Solution

Kobopay is a multi-currency digital banking platform designed to empower Africans with easy and instant access to global payments. It enables users to send, receive, and manage funds across various currencies with zero transaction fees. The platform provides a user-friendly interface for bill payments, savings, and investment services, addressing the challenges of financial accessibility. Kobopay offers virtual and physical cards for online payments and subscriptions, along with a vault service for savings and investments.

Features

Multi-currency wallets to send, receive, and hold multiple currencies

Zero transaction fees for currency swaps

Virtual and physical cards for online payments and subscriptions

Bill splitting feature for easy expense management with friends

Vault service for savings and investments

Remittance services at competitive rates

Mobile app available for Android and iOS

KYC verification process within the app

Target Audience

The primary target audience is Africans who require a seamless and cost-effective solution for managing finances across multiple currencies and conducting international transactions.