Kotani Pay operates as a gateway connecting Web3 users to local African fiat currencies for digital asset trading. The company provides stablecoin settlement solutions and blockchain-powered APIs to facilitate on and off-ramping between digital assets and local payment channels. Additionally, they offer an SMS-based blockchain wallet enabling functionality without internet access across multiple supported chains.
Funding
$3M 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.
PVFounders
Product
Problem
Many businesses operating in Africa face challenges in efficiently and affordably managing cross-border payments and digital asset transfers due to limited access to reliable on-ramps and off-ramps for local currencies and stablecoins. Existing solutions often involve high transaction costs, slow processing times, and complex integrations with local payment channels. This creates barriers for businesses seeking to leverage digital currencies and blockchain technology for payments and remittances.
Solution
Kotani Pay provides a technology platform that enables seamless integration between Web3 applications and local African payment channels, facilitating efficient and affordable digital asset transfers. The platform offers stablecoin settlement solutions, blockchain-powered APIs, and an SMS-based blockchain wallet, allowing businesses to connect their dApps and wallets to local payment networks. Kotani Pay streamlines the process of converting between stablecoins and local fiat currencies, enabling faster and more secure transactions for businesses operating across Africa. By providing a reliable on-ramp and off-ramp solution, Kotani Pay empowers businesses to leverage the benefits of blockchain technology for various use cases, including remittances, forex arbitrage, lending, insurance, and supply chain finance.
Target Audience
Kotani Pay primarily targets FinTech companies, businesses, and Web3 developers operating in Africa that require efficient and affordable solutions for cross-border payments, digital asset transfers, and integration with local payment channels.
Features
- Stablecoin settlement solutions for one-time stablecoin/fiat access
- Blockchain-powered APIs for seamless integration with local payment channels in Africa
- SMS-based blockchain wallet for accessing blockchain functionality without internet connectivity
- Support for over 15 blockchain networks, including Polygon, Celo, Optimism, Stellar, Arbitrum, and Avalanche
- Real-time FX rates from stablecoins to local fiat currencies
- Customizable API tailored to specific business needs
- Automated on-ramp and off-ramp processes for improved user experience
- Support for multiple stablecoins, including USDT, USDC, and cUSD