Kontigo offers a digital wallet solution that allows users to manage their funds in USDc, facilitating commission-free transactions and savings with an annual return of up to 8%. The platform addresses the challenges of inflation and currency instability in fragmented regions by providing a secure and efficient way to save and transfer digital currency.
Funding
$3.6M 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.
OODFounders
Product
Problem
In regions with high inflation and unstable currencies, individuals and businesses struggle to preserve the value of their savings and conduct reliable transactions. Traditional banking solutions may not be easily accessible or offer sufficient protection against devaluation.
Solution
Kontigo provides a digital wallet solution that enables users to save and transact in USDc, a stablecoin pegged to the US dollar. The platform offers a mobile application for iOS and Android that allows users to convert local currency into USDc, send and receive payments, and earn an annual return on their savings. Kontigo aims to provide a secure and efficient way to manage funds, shielding users from the effects of inflation and currency fluctuations. The platform also offers access to a financial advisor via WhatsApp.
Target Audience
The primary target audience includes individuals and businesses in regions with high inflation and unstable currencies seeking a stable and accessible way to save and transact in USD.
Features
- Digital wallet for saving and transacting in USDc
- Mobile application available on iOS and Android
- Conversion of local currency to USDc
- Commission-free transactions
- Savings accounts with up to 8% annual return
- Integration with Pago Móvil and other payment providers
- Access to a financial advisor via WhatsApp