Kutana Pay provides a platform for African SMEs and exporters to facilitate secure and rapid cross-border B2B payments. The service offers multi-currency wallets and near real-time settlement, significantly reducing traditional banking delays. It focuses on transparent, low-cost transactions while ensuring trade security through escrow-like holding of funds.
Funding
$387.7K 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
Cross-border payments between the UK, EU, and Africa are often slow and expensive, with SMEs facing delays of 3-5 days and high transaction fees. This can hinder trade and limit access to global markets, particularly for businesses in emerging markets.
Solution
Kutana Pay provides a platform for secure and fast B2B payments, enabling UK exporters and African SMEs to transact with instant settlements and reduced costs. The platform offers multi-currency wallets and escrow protection to ensure secure trade. By leveraging a stablecoin-powered treasury system, Kutana Pay facilitates near real-time global transactions, eliminating hidden bank fees and inflated FX rates. The platform also incorporates built-in compliance measures through licensed partners in the UK and Africa.
Target Audience
The primary target audience includes UK exporters and African SMEs engaged in cross-border trade between the UK, EU, and Africa.
Features
- Instant settlements for cross-border B2B transactions.
- Multi-currency wallets to manage and transact in different currencies.
- Escrow protection to secure funds until trade conditions are met.
- Stablecoin-powered treasury system for fast and efficient transfers.
- Bank-level security protocols with end-to-end encryption.
- Built-in compliance with licensed partners in the UK and Africa.
- Transparent pricing with low transaction fees.