Kotani Pay raises US$2 million in pre-seed funding to help revolutionize cross-border remittances in Africa

News published on Sep 7, 2023 @ 10:40 am

Nairobi-based crypto payments startup, Kotani Pay with a vision to make cross-border remittances easier for the large underbanked populations in Africa recently closed a US$2 million pre-seed funding. The round was led by P1 Ventures, with participation from investors such as DCG/Luno and Flori Ventures.

Kotani Pay aims to address the challenges faced by underserved populations in Africa when it comes to cross-border remittances. By leveraging blockchain technology and stablecoins, the startup seeks to make remittances more affordable, efficient, and accessible.

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