Kotani Pay is a fintech platform simplifying cross-border remittances in Africa by integrating blockchain technology with local payment channels
Founded in 2020 and based in Nairobi, Kenya, Kotani Pay addresses the challenges of cross-border remittances in Africa by providing a reliable on-ramp and off-ramp platform for businesses and individuals. The platform enables seamless conversion between stablecoins and local currencies, allowing users to access funds via mobile money, even without internet connectivity
Kotani Pay bridges the gap between blockchain technology and traditional financial systems in Africa, offering affordable and accessible financial services to the underbanked population. By leveraging stablecoins and mobile money integrations, the platform reduces transaction costs and enhances financial inclusion across the continent.
In September 2023, Kotani Pay raised $2 million in a pre-seed funding round led by P1 Ventures, with participation from investors including DCG/Luno and Flori Ventures.
In October 2024, Kotani Pay became the first on-ramp and off-ramp blockchain fintech to receive a CASP license from South Africa's Financial Sector Conduct Authority.
