Kenyan fintech startup Kyanda, a money transfer app that aims to help users make all sorts of transactions at as low a cost as possible, has launched operations in South Africa.
Launched in February 2020, the startup allows users to make cheap and fast money transfers, purchase airtime, and pay bills, among other things.
According to Collins Kathuli, its founder, the startup has processed over 3 million transactions since its formation, with a goal of building a payment ecosystem that serves both Kenya and Africa as a whole.
With over $10 billion being moved within South Africa each year, and over 24 million South Africans sending money to each other daily, South Africa is the first stop on a broader expansion journey.
The Kyanda mobile application enables users to make easy, cheap and fast money transfers. Users can also purchase and supply discounted airtime to individuals and organisations, pay utility bills and get instant discounts on all payments as well as convert their excess airtime back to cash.
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