Kora Payments Limited

Categories

Financial and Banking  
Summary
Kora, a pioneering pan-African payment infrastructure firm, is headquartered in Canada and maintains operational bases in Nigeria and the United Kingdom. This innovative fintech enterprise empowers both local and international businesses to effortlessly process payments, facilitate payouts, and seamlessly navigate prominent payment avenues throughout Africa. Originally commencing as a remittance-focused venture, Kora underwent a strategic shift in 2019, evolving into a dynamic B2B entity that offers its current suite of services. During this transformative period, the company participated in the Techstars Toronto program. In 2022, Kora achieved a significant milestone by obtaining a commercial PSSP license from the Central Bank of Nigeria. In the same year, the company expanded its horizons to the United Kingdom, forging a strategic partnership with the municipal government in Birmingham to inaugurate its inaugural fully operational office in the UK. The grand opening of the 2022 Commonwealth Games showcased Kora's prominent role as a fresh source of foreign direct investment (FDI) for the West Midlands, emphasizing its significance on the international stage.

History
Dickson Nsofor founded Kora in 2017. Later on, Gideon Orovwiroro and Bryan Uyanwune and Ayodeji Osisami joined him as the first employees.At the time, the company focused on building financial tools for NGOs to disburse funds utilizing the blockchain technology. The idea for the company came from Dickson Nsofor, who was at the time working for a fintech in London, HumanIQ, providing a solution to the problem of 60% of the world's population lacking full access to financial services.

Mission
We are on a mission to build a safe, secure, and seamless payment engine that will empower local merchants, as well as global merchants, to scale across Africa.

Vision
Creating a future void of digital financial barriers across Africa.

References
https://businessday.ng/technology/article/kora-launches-usd-card-acquiring-to-boost-crossborder-payment/ https://www.thisdaylive.com/index.php/2023/07/20/kora-lists-measures-to-mitigate-fraudulent-financial-transactions https://www.financemagnates.com/thought-leadership/the-journey-to-easy-cross-border-payments-in-africa-implications-for-global-businesses/ https://www.finextra.com/researcharticle/281/the-future-of-fintech-in-africa-2023
Kora Payments Limited
Leadership team

Dickson Nsofor  (CEO)

Segun Adeleye  (Chief Technology Officer)

Olaoluwa Eweje (CISO)

Enyioma Madubuike (CLO)

Ayodeji Osisanmi  (COO)

Industries

Financial and Banking

Products/ Services
Kora offers a payment application programming interface (API) to companies that give them access to a suit of products and services including pay-ins, payouts, settlements.
Number of Employees
100 - 500
Headquarters
Canada
Established
2017
Company Type
Private company limited by shares or Ltd
Company Registration
1460959
Net Income
500K - 2M
Revenue
500K - 2M
Funding Types
Equity
Revenue Year
2021-12-12
Traded as
Kora payments Network Limited
Social Media

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Fri Feb 23 2024
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