Jerome Oglesby
Founder & CEO
Stratum Remit
Stratum Remit provides a conversational AI platform, Kora, that lets users initiate cross‑border money transfers using natural language commands without forms or menus. The service offers instant delivery on supported corridors, zero explicit transfer fees, and transparent pricing based on a modest 1‑2% FX margin, while also delivering smart rate recommendations and optional Amazon gift‑card rewards.
- Artificial Intelligence
- AI Agents
- Financial Technology
Updated 5 months ago
Funding
Funding rounds are not available yet.
Founders
Product
Problem
Traditional remittance services often charge high fees and take days to deliver funds, creating financial strain and uncertainty for diaspora communities sending money to family abroad.
Solution
Stratum Remit offers a conversational AI platform that lets users initiate cross‑border transfers through natural language commands, eliminating the need for forms and menus. The AI assistant, Kora, handles recipient selection, amount entry, and confirmation, while providing smart recommendations on optimal timing and rates. Transfers are executed over instant payment rails, with most deliveries occurring within minutes and a maximum of 15 minutes for certain corridors. Pricing is transparent: the service charges no explicit transfer fees and earns revenue solely from a modest 1‑2% margin on the exchange rate, which is displayed to users before they confirm the transaction. Optional Amazon gift‑card rewards add extra value for frequent users.
Target Audience
Primary customers are diaspora individuals and migrant workers who regularly send money to family in Africa, Mexico, Europe, and the UK, as well as tech‑savvy users who prefer mobile, conversational interfaces for financial transactions.
Features
- Voice‑driven interface that processes transfer requests like “Send $200 to Mom” without manual data entry
- Real‑time exchange rate display with a guaranteed rate lock for 30 minutes
- AI‑powered recommendations that alert users to favorable rate movements and remind them of recurring transfers
- Instant delivery on supported corridors (e.g., Nigeria, Kenya, South Africa, Uganda, UK, Mexico) with typical arrival times under 15 minutes
- Zero explicit transfer fees; revenue generated only from a transparent 1‑2% FX margin
- Bank‑level encryption, regulatory compliance, and 24/7 in‑app AI support for security and assistance
- Amazon gift‑card reward program for repeat users