Description
Kotani Pay is a financial technology company that acts as a gateway connecting Web3 users to local currencies throughout Africa, positioning itself as a reliable partner for cash-in and cash-out services. Their offerings include Stablecoin Settlement Solutions for business liquidity, Blockchain-Powered APIs that link DApps and blockchain networks to local payment channels, and a unique SMS-based Blockchain Wallet enabling transactions without internet access. The company supports over 15 blockchain networks and provides affordable last-mile payout services, on/off-ramps, and white-label APIs for digital currency and blockchain-based businesses. Kotani Pay emphasizes compliance and risk management, adhering to standards like SOC 2, PCI, and DSS, and is a licensed Financial Service Provider (FSP) regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. Their compliance program includes Know Your Customer (KYC), sanction list screening, suspicious activity reporting, and ongoing transaction monitoring (KYT). The platform facilitates various use cases such as inventory finance, decentralized finance, gig work payments, savings on-ramps/off-ramps, wallet cash-outs, exchange withdrawals, and cross-border remittances. To secure funds and data, Kotani Pay utilizes multi-sig wallets, hardware wallets, and SHA256 encryption.