Luo provides a platform for African businesses to convert XOF into USD or EUR and execute international payments within 48 hours, ensuring zero transaction fees and competitive exchange rates. This service addresses the challenge of slow and costly cross-border payments, enabling efficient supplier transactions for businesses in Senegal and Côte d'Ivoire.
Funding
Funding not disclosed
+7Founders
Product
Problem
Businesses in Senegal and Côte d'Ivoire face challenges with slow and expensive cross-border payments when dealing with international suppliers. Converting XOF to USD or EUR and executing these payments can be particularly cumbersome and costly.
Solution
Luo offers a platform designed to streamline international payments for African businesses, enabling them to convert XOF into USD or EUR and execute payments to suppliers globally within 48 hours. The platform provides a user-friendly interface for initiating payment requests and tracking transactions in real-time. By offering competitive exchange rates and eliminating transaction fees, Luo aims to provide a faster and more cost-effective solution for businesses to manage their international transactions. The service guarantees payment availability within the stated timeframe, ensuring reliability for businesses.
Target Audience
The primary target audience includes importers and other businesses in Senegal and Côte d'Ivoire that regularly make international payments to suppliers.
Features
- XOF to EUR and USD conversion for international payments.
- Guaranteed payment execution within 48 hours.
- Real-time transaction tracking through an intuitive online interface.
- Competitive exchange rates to minimize conversion costs.
- Zero transaction fees for all payments.
- Local customer support available 24/7.