The startup offers a fintech platform that facilitates digital payments through commission-based partnerships with banks, telcos, and utility providers. By aggregating services such as utility payments, airtime purchases, and money transfers, the platform enables users to conduct secure and convenient transactions both locally and internationally.
Funding
$870K 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
Many individuals and businesses in Africa face challenges in accessing convenient and affordable digital payment solutions, particularly for essential services like utility payments and airtime purchases. Existing payment methods often involve high transaction costs, limited accessibility, and lack of integration across different service providers.
Solution
Kyanda provides a fintech platform that aggregates various financial services, enabling users to conduct secure and convenient transactions through a single interface. The platform partners with banks, telcos, and utility providers to offer a range of services, including utility payments, airtime purchases, and money transfers. Kyanda offers both personal and business solutions, including a mobile app for individuals and APIs for businesses to integrate payment functionalities. The Kyanda DUKA app further empowers SMEs and kiosks to offer affordable financial and digital services within their communities.
Target Audience
Kyanda targets individuals seeking convenient personal finance solutions and businesses, including SMEs and kiosks, looking to streamline payment processes and offer financial services to their customers.
Features
- Unified platform for managing money transfers, payments, and bill payments
- Mobile app for personal finance management
- Kyanda DUKA app for SMEs to offer financial services
- API for businesses to integrate payment functionalities
- Support for various payment methods, including MasterCard, VISA, AMEX, Mpesa, and Airtel Money
- USSD and SMS APIs for delivering scalable solutions
- Fast Load feature for all-in-one airtime top-ups across all networks in Kenya
- Manda, a WhatsApp Chatbot assistant for customer support
- Real-time notifications for transaction status