September 5

Kotani Pay Secures $2 Million Pre-Seed Funding for Cross-Border Crypto Remittances in Africa

By Jide Idowu

Nairobi-based crypto payments startup Kotani Pay (1) has closed a $2 million pre-seed funding round led by P1 Ventures, with participation from DCG/Luno and Flori Ventures. The two-year-old startup aims to facilitate cross-border remittances for underserved populations in Africa, addressing the challenge of high transfer fees and limited banking access.

Photo courtesy of Bindalfrodo.

Source: Coinnounce (link opens in a new window)

Finance, Investing, Technology
blockchain, cryptocurrency, financial inclusion, remittances, startups