KOKOSEND LIMITED

What KOKOSEND LIMITED does

Kokosend Limited is a private mobile fintech company headquartered in Nairobi, Kenya, with additional regional offices in Abuja (Nigeria) and Cape Town (South Africa). It operates a mobile-first cross-border money transfer platform serving individuals and small business users across five African markets: Nigeria, Kenya, Ghana, Tanzania, and South Africa. The product is a single application combining a multi-currency wallet (holding NGN, KSH, TZS, GHS, and ZAR), a real-time FX conversion engine priced at mid-market rates, and free instant transfers between Kokosend wallets.

The technical platform is built around direct integrations into African local payment infrastructure rather than SWIFT/correspondent banking rails. In Kenya, Kokosend is integrated with Safaricom's M-Pesa; Ghana and Tanzania are served via local mobile money networks; and bank transfer rails connect all five markets. The company distributes exclusively through self-serve app downloads on iOS and Google Play with identity verification, reporting approximately 4,500 verified app store reviews averaging 4.9/5 and a stated headcount of around 16 employees.

The business model is transaction-based and FX-spread driven. Peer-to-peer transfers between Kokosend wallets are free, removing friction and driving wallet funding. Revenue is generated on the spread between mid-market rates and offered rates when users deposit in one currency and convert or remit in another. A merchant pricing tier automatically improves the FX rate for transactions above ₦1,000,000 to capture cross-border traders and SMB volumes. In-app bill payments (electricity, airtime, utilities) extend wallet utility. Compliance is framed under Kenya's Proceeds of Crime and Anti-Money Laundering Act and Kenya Data Protection Act, with the corporate entity KOKOSEND LIMITED governed by Kenyan law. No funding rounds, leadership roster, or revenue figures are publicly disclosed.

Name

KOKOSEND LIMITED

Legal name

KOKOSEND LIMITED

Website

https://kokosend.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Kokosend Limited is a Nairobi-based mobile fintech that enables cross-border money transfers and multi-currency wallet services across five African markets (Nigeria, Kenya, Ghana, Tanzania, South Africa) using direct integrations into local payment rails including M-Pesa, targeting individual remittance senders and cross-border SMB traders.

Ownership category

akta.pro rank

Product category

Cross-Border Remittance & Mobile Payments

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Multi-Currency Accounts, Wallets & FX Management (Consumer/SME) (FSAGAKAF)

akta.pro secondary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

Keywords

• Cross-border remittance
• Mobile money transfer
• Multi-currency wallet
• Fintech payments
• Foreign exchange services

Headquarters

HQ city

Nairobi

HQ country

Kenya

HQ region

Africa

Offices3 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Exchange Rate Margin: Revenue generated through the spread between mid-market exchange rates and rates offered to customers. Live FX rates are refreshed continuously, with the rate at confirmation applied to the transfer.
2. Merchant Volume Pricing: Enhanced exchange rates applied automatically for transactions above ₦1,000,000, generating improved margins on larger transfer volumes.
3. Free User-to-User Transfers: Transfers between Kokosend wallets are free with no transfer fee. This drives user adoption and wallet funding, generating revenue through currency exchange when users deposit and convert funds.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Kokosend operates a mobile-first fintech platform that enables instant cross-border money transfers across five African markets (Nigeria, Kenya, Ghana, South Africa, and Tanzania) through a single multi-currency wallet. The platform supports NGN, KSH, TZS, GHS, and ZAR balances with real-time FX conversion at mid-market rates, direct integrations to local payment rails (M-Pesa, bank transfers, mobile money), and in-app bill payment for utilities and airtime.

Product overview

Kokosend is a single mobile application for international money transfers across Africa, supporting five currencies (NGN, KSH, TZS, GHS, ZAR) in one unified multi-currency wallet. The core product is the Kokosend App, which combines the Kokosend Multi-Currency Wallet for holding and managing balances, a Currency Exchange Service for real-time FX conversion with automatic merchant rates for high-value transactions, and a Bill Payment Service for utilities and airtime. M-Pesa Integration provides deep connectivity to Kenya's mobile money network, while all transfers between Kokosend users are instant and free.

Differentiator

Problem solved

Functional benefit

Products and services

• Kokosend Mobile App Mobile-first fintech application that enables users to send and receive money instantly across Nigeria, Kenya, Ghana, South Africa, and Tanzania with zero hidden fees and mid-market exchange rates. Targeted at individual consumers and small businesses conducting cross-border African transfers.
• Kokosend Multi-Currency Wallet Single in-app wallet holding Nigerian Naira (NGN), Kenyan Shilling (KSH), Tanzanian Shilling (TZS), Ghanaian Cedi (GHS), and South African Rand (ZAR) side by side with real-time balance visibility across all currencies. Available to registered Kokosend app users.
• Currency Exchange Service In-app currency conversion feature that applies live, continuously refreshed mid-market exchange rates with zero hidden fees. Transactions above ₦1,000,000 automatically qualify for merchant pricing with improved rates for higher-volume users.
• Bill Payment Service In-app bill payment feature allowing users to pay electricity, airtime, and other utilities directly from their Kokosend wallet without leaving the application.
• M-Pesa Payout Service Direct M-Pesa payout and deposit service enabling Kokosend users in Kenya to fund their wallet from M-Pesa and send transfers directly to M-Pesa mobile wallets, leveraging Kenya's dominant mobile money network.

Quantifiable outcome

• Transfers arrive in seconds between Kokosend wallets (vs days for traditional remittance)
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Onafriq (formerly MFS Africa): Pan-African payment infrastructure provider connecting mobile wallets and bank accounts across 40+ markets. Comparable at infrastructure layer for cross-border mobile-money flows that Kokosend also routes through.
• WorldRemit: Global remittance leader with deep mobile-money payout coverage across all five Kokosend markets. Established incumbent offering similar mobile-wallet payout corridors; competes for the same diaspora sender and family recipient.
• Remitly: Global digital remittance platform with extensive Africa coverage and mobile-wallet payouts. Broader market reach and public-company resources, but overlaps directly on cross-border corridors (Nigeria, Kenya, Ghana, Tanzania) using mobile money rails.
• Sendwave: Africa-focused cross-border remittance app (owned by WorldRemit/Zepz) with mobile-money payouts across dozens of African corridors. Larger incumbent with broader geography and more funding, but directly comparable offering and customer.

Emerging players

• LemFi: Diaspora-focused cross-border remittance app serving African and other emerging-market corridors from the UK/Canada/US. Comparable mobile-first diaspora-to-Africa product with FX-driven revenue model.
• Payday: Canadian-headquartered, Nigeria-focused remittance and fintech platform serving diaspora senders. Overlapping Nigeria-to-Africa corridor and target diaspora segment, but narrower geographic coverage than Kokosend.
• Waza: B2B cross-border payments platform for African SMEs trading internationally. Adjacent comparable: same currency corridors (NGN, KSH, etc.) and FX-driven revenue model, but skewed to SME/trader users rather than consumer remittance.

Direct peers

• Wave: Mobile money operator offering P2P transfers, bill payments, and merchant payments across Senegal, Côte d'Ivoire, Mali, Burkina Faso, Gambia, and Uganda. Comparable mobile-first remittance and bill-payment model with similar multi-currency wallet mechanics.
• Nala: African remittance app focused on diaspora-to-Africa and intra-Africa transfers with mobile money and bank payouts. Closely comparable: cross-border focus on African corridors, free or low-cost pricing, mobile-app distribution, and consumer/SMB segments.
• Chipper Cash: Pan-African cross-border P2P payments app offering free P2P transfers and FX across multiple African markets. Directly comparable mobile-first remittance product, target customer (diaspora + intra-Africa), and free-P2P network-effect model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/kokosend1
• YouTubeyoutube.com/@koko_send
• Instagraminstagram.com/koko_send
• TikToktiktok.com/@kokosendlimited
• LinkedInlinkedin.com/company/kokosend-limited

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KOKOSEND LIMITED