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Overview
Kora provides B2B payment infrastructure across Africa. Through its API, it offers a suite of payment services—pay-ins, payouts, settlements, payment links, virtual bank accounts, bulk payouts, and card acquiring—so businesses can accept and send funds using cards, bank transfers, and mobile money with a single integration. Unlike many peers, Kora focuses on pan-African reach and developer-friendly integration, serving startups, fintechs, and logistics firms, supported by licenses and partnerships that enable cross-border payments and risk management across multiple markets. Its goal is to simplify and scale financial transactions for African-based and cross-border business operations, expanding financial inclusion and payment accessibility across the continent.
About Kora
Industries
Enterprise Software
Fintech
Financial Services
Company Size
N/A
Company Stage
N/A
Total Funding
N/A
Headquarters
Toronto, Canada
Founded
2017
Simplify's Take
What believers are saying
- IATA's 370-airline Financial Gateway expands Kora's distribution instantly across African travel payments.
- June 2026 airline settlement use case validates Kora's compliance and infrastructure reliability.
- B2B payment demand rises as global merchants seek simpler Africa integrations and settlements.
What critics are saying
- Flutterwave's April 28, 2026 Yuno deal compresses Kora's enterprise cross-border moat.
- Kenyan money-laundering accusations in 2022 show regulatory shock risk during expansion cycles.
- Kora still lacks public funding disclosures; runway pressure can force dilution or retrenchment.
What makes Kora unique
- June 12, 2026 IATA IFG integration gives airlines one Africa-wide payment connection.
- Kora supports cards, bank transfers, mobile money, and local alternative methods.
- Lagos headquarters plus Nigeria, Kenya, UK, and Canada presence spans key corridors.
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Benefits
Health Insurance
Paid Vacation
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Flexible Work Hours
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Company News
The Asset Recovery Agency of Kenya has withdrawn its case against Korapay, the payment solutions company it levied money laundering and card fraud accusations against in July. Documents seen by Technext show that the agency withdrew its application last week. This comes after the National Police in Kenya finalised its months-long investigation into the matter. Mike Muia, the director, of criminal investigations in the Kenyan police, said in a notice that its “investigations are now finalised.”
At the Technext Coinference 2.0, the largest blockchain gathering in Africa, held in Lagos two days ago, key stakeholders and enthusiasts held heated debates on the future of blockchain in Africa. In a series of panel sessions and keynote addresses industry insiders touched on hot-bottom topics ranging from regulations in the crypto space, the future of decentralised finance (DeFi), opportunities for Africa with Web 3 and how NFT is disrupting the industry
Kora, a pan-African payments infrastructure, has been announced as one of the two new Commonwealth-sourced foreign direct investments (FDI) projects for the West Midlands at the Commonwealth Games which opened in Birmingham, UK. India’s first credit platform, The Disposal Company, was the other project announced alongside Kora
Kora, which expanded its operations into Kenya last year, says it has documents supporting its position and expresses confidence that the Kenyan courts will see that the accusations against the company are not only wholly baseless but borderline malicious.
Nigerian Fintech company, Korapay Technology Limited has denied the accusations of money laundering levied against it by the Kenyan Government. In a statement to Technext, Korapay’s spokesperson and head of marketing, Gbenga Onalaja claimed that the accusations are absolutely untrue and that the company will release a statement to back up its claim. This follows a report by Kenyan news outlet, The Standard that the High Court froze three bank accounts belonging to it and Kandon Technologies Limited with sums totalling about Sh45 million ($381,065.29) over suspicion of foreign laundering by the Kenyan Asset Recovery Agency (ARA)
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About Kora
Industries
Enterprise Software
Fintech
Financial Services
Company Size
N/A
Company Stage
N/A
Total Funding
N/A
Headquarters
Toronto, Canada
Founded
2017
There are no jobs for Kora right now.
Find jobs on Simplify and start your career today