For businesses working in Africa, Kora provides the support to start and scale with payment products encompassing pay-ins, payouts, and settlements. Explore more at www.korahq.com
Website
Head office
180 Freedom Way, Lekki 1, Lagos, Nigeria
Core solution
Kora provides pay-ins, payouts, and cross-border settlements across several markets and industries. Its services are adressed to businesses accepting money in and from Africa.
Target market
Merchants (Gaming, FOREX, travel, remittance, PSP, payment aggregators, fintech, ecommerce, high-volume), PSPs, fintech, SaaS, FX
Contact details
09139351686, marketing@korapay.com
Geographical presence
Africa and Europe
Year founded
2017
Funding rounds and investors
Seed, Techstars
Licence type
EMI (Electronic Money Institution)
Standards and certifications
PCIDSS , ISO 27001, ISO 22301
Brand tagline
All the support you need.
Service provider type
Payment gateway
Yes
Payment service provider – acquirer
Yes
How do you define your company's primary category or technology market?
Payment gateway for companies accepting payments in and from Africa.
Channels
Online
Yes
POS/in-store
No
Payment capabilities
Hosted pages
Yes
White-label solution
Yes
Recurring payments
Yes
Payment methods supported
Yes - cards, bank transfers, mobile money
Settlement currencies
Yes - NGN, KES, GHS, ZAR, XOF, XAF
Instant settlement
Yes
Tokenization
Yes
Pay-out/disbursements
Yes
Payment orchestration
Yes
Reconciliation and reporting
Yes
B2B payments
Yes
Operational efficiency:
Fraud and risk management capabilities
Chargeback management
Yes
Fraud ratio PSD2/SCA
Less than 0.01%
Financial and compliance capabilities
FX – number of currencies available
Yes
Current account/settlement account
Yes
Embedded finance/lending to SMEs or merchants
Yes
Embedded finance/BNPL for consumers
Yes
Instant settlement
Yes
Client onboarding (KYC/KYB)
Yes
Clients
Main clients/references
Exness, Ad Dynamo, Octa Fx, Exinity, AT Gaming, Betwinner, Alpari, Venco, GiG Logistics, Naga Capital
Case studies
Future developments
Card issuance, virtual international bank accounts, liquidity management, trade financing
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