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Koa: Pioneering Accessible Financial Services in Africa

This information was documented on September 23, 2021. Koa is in the process of establishing a Digital Bank designed to deliver financial services characterized by transparency, accessibility, and adaptability.

Addressing Financial Inclusion in Africa

A significant portion of the African population, approximately 800 million individuals, currently experience limited or no access to formal Financial Services. This results in an estimated $80 billion being held in informal savings methods, such as cash under mattresses and within informal saving groups.

Koa is specifically focused on serving this underserved market. The company’s initial strategy centers on the savings sector.

Koa’s Core Functionality

Koa’s platform enables customers to easily deposit funds, securely save their money, and accrue interest on their holdings.

By providing these core functionalities, Koa aims to empower individuals with greater control over their finances and foster economic growth within the region.