Kora provides a payment processing platform that facilitates pay-ins, payouts, and settlements for businesses operating in Africa, utilizing real-time direct payment technology to bank accounts and mobile wallets. The platform addresses the challenges of accepting diverse payment methods and ensuring fast, reliable fund transfers across multiple currencies.
Funding
$20K 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.
Founders
Product
Problem
Businesses operating in Africa face challenges with fragmented payment systems, diverse payment preferences, and the need for reliable, multi-currency transactions. This complexity hinders their ability to efficiently accept payments and disburse funds across the continent.
Solution
Kora provides a payment infrastructure designed to streamline pay-ins, payouts, and settlements for businesses in Africa. The platform offers a localized checkout experience, enabling customers to pay using their preferred methods in multiple currencies. Kora facilitates real-time direct payments to bank accounts and mobile wallets, ensuring efficient and scalable money movement. Its settlement flows are designed to optimize value, removing reconciliation complexities and ensuring businesses receive the true value of their transactions.
Target Audience
Kora targets local and global businesses operating in Africa that require a unified platform for accepting payments, disbursing funds, and managing settlements across multiple currencies and payment methods.
Features
- Localized checkout supporting diverse African payment methods
- Real-time direct payments to bank accounts and mobile wallets
- Multi-currency payment acceptance and disbursement
- Payment links for no-code payment collection
- Bulk payout capabilities for efficient vendor and partner payments
- Instant and scheduled settlement options
- REST APIs and developer tools for custom integrations
- KYC/KYB verification services
- Real-time balance tracking and reconciliation