Nigerian Payment Infrastructure Startup, Kora Opens Office in the UK
The first UK office of Kora, an African payment infrastructure that provides payment API for payment collections and disbursements as well as cross-border transfers, has opened.
Through the West Midlands Growth Company, an organization in charge of driving regional investment promotion and economic growth for the West Midlands and the UK, Kora collaborated with the Government of Birmingham to power this expansion.
Chief Operating Officer of Kora, Gideon Orovwiroro, states, “Our goal has always been to make Africa accessible financially, and opening an office in the UK is a significant next step for us. The West Midlands Growth Company is an exciting partner for us because it shares our desire to lower obstacles to local and international trade.
Birmingham, which is at the center of the UK’s technology-fastest-growing region, was selected as Kora’s first UK office due to its strong infrastructure and simple access to talent.
The West Midlands Growth Company will support Kora’s goal of building the infrastructure that enables local African firms to become global and international enterprises to go local in Africa through this cooperation.
In order to facilitate remittances to Africa by Africans living abroad, Kora launched operations in Nigeria in 2018. Since then, it has developed into an African payment infrastructure that enables multinational corporations to quickly expand across Africa.
Businesses can take payments, and payouts, and settle across various payment channels with only one connection thanks to Kora.
The cross-border product from Kora is accessible to companies in 25 different African nations.
The Central Bank of Nigeria granted Kora its commercial PSSP license earlier in 2022, further enabling the business to advance its goal of establishing open standards for payments throughout Africa.
For their African operations, businesses like GiG, Juice Africa, Dlocal, and PayFuture already employ a variety of Kora’s products.
