Kori provides a no-fee, real-time payment platform that enables individuals and small businesses to send and receive money internationally without incurring exchange rate markups. By verifying users with government-issued IDs, Kori ensures secure transactions that arrive instantly, allowing users to access their funds in local currency without additional charges.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional international money transfer services often impose substantial fees and unfavorable exchange rate markups, reducing the amount recipients ultimately receive. These services can also be slow, creating delays for users who need immediate access to their funds.
Solution
Kori provides a platform for instant international money transfers with no fees or exchange rate markups. Users are verified using government-issued identification to ensure secure transactions. Funds are available to recipients instantly, and can be accessed in their local currency without incurring additional charges.
Target Audience
Individuals and small businesses who regularly send or receive money internationally, particularly those in Mali.
Features
- Real-time international money transfers
- No fees for sending or receiving money
- No exchange rate markups
- User verification via government-issued ID
- Instant availability of funds for recipients
- Funds accessible in local currency
- Mobile application available on Apple Store and Google Play