Company Information

Get to know Korapay

Founded in 2017 by Dickson Nsofor, Korapay (operating under the legal name Kora Technologies Limited in some jurisdictions) is a fintech company with a mission to create a seamless and borderless payment infrastructure for Africa. The company provides a suite of payment APIs and services that allow businesses to process payouts, accept pay-ins, issue virtual bank accounts, and manage cross-border transactions efficiently. By focusing on payment infrastructure, Korapay aims to solve the complexities of local and international payments for businesses operating in and out of the African continent.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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Korapay

Canada

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

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ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.