FinTech firms @KoinKoinapp & @SRFINANZMANN secure $2M in private funding, boosting their corporate OTC business for forex and digital assets.
The funding positions them for expansion, focusing on technical FX and G3 currency accessibility, addressing regional challenges.
Revenues doubled from £72 million in 2023 to nearly £150 million in 2024 enabling ambitious growth plans.
KoinKoin caters to the African market, competing with Blockchain.com and Coinbase by providing superior customer-focused features and 24/7 access to crypto & digital assets. SR FINANZMANN targets similar services for the corporate sector.
Ola Atose, the Founder, is optimistic about KoinKoin’s remarkable 2023 and envisions bold aspirations for 2024, including doubling revenue and expanding across West Africa. Mimi Kufuor, the COO, sees the investment as an opportunity for success and emphasizes their strategic role in the African FX market to enhance financial access and inclusion.
Addressing fundamental issues in Africa remains a key focus for both companies in the coming year.
