Company Information

Get to know KOLA

KOLA is a financial technology product from Pivo Technologies Inc., a Y Combinator-backed company. Its mission is to simplify financial transactions for African businesses and individuals by providing a multi-currency digital wallet. The platform allows users to hold, send, and receive money in various African currencies and USD, facilitating instant cross-border payments with transparent, low fees. KOLA aims to eliminate the complexities and high costs traditionally associated with intra-Africa and international remittances.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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KOLA

Nigeria

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(326 reviews)

United States

2008

(18 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.