| Destination country | Kenya ▼ |
| Amount (CAD) | 300.00 |
| Transfer fee | CAD 28.50 (9.5%) |
| Exchange rate | contact agent for today's rate |
| Delivery time | 3 – 5 business days |
Recorded remittances to developing countries pass US$140B — more than double the world's total foreign aid — and almost none of it moves without a counter clerk, photo ID and banknotes.
PayPal has just been absorbed by eBay and "online payments" means typing a card number into a web page. There is no mobile money in East Africa and no API for a corridor.
The last mile got solved on a keypad and a green LCD. The corridor did not: still an agent's rate, still a fee near 8%, still days in correspondent banking before the SMS arrives.
M-Pesa passes 14 million Kenyan users in four years, and a keypad becomes the way an entire country holds money.
Stripe opens to the public, Square is barely two years old, and Bitcoin trades in single digits — all of it built for domestic commerce, none of it for this corridor.
Rounded corners, a locked rate, a nicer button. Underneath, one correspondent bank, a margin folded into the exchange rate, and money that still moves in business days. And nothing at all for the chama, the stokvel or the harambee.
Remittances to low- and middle-income countries reach US$548B and overtake foreign direct investment for the first time.
Revolut, Monzo, Wise and Remitly are household names and the UN has set a 3% target for sending money. The Sub-Saharan average sits near 9%.
Coynitt is the financial operating system for the African diaspora. Transfers, Rounds and Harambee on one platform — built to settle on-chain in seconds and routed by an agent that reasons over every transaction.
Coynitt is not yet open to the public. We cannot accept customer funds until our FINTRAC MSB registration is approved.
Fees came down a little, apps got prettier, and the money still crawled through correspondent banking. We rebuilt the layer underneath.
Transfers acquire the user. Rounds and Harambee retain them. One KYC, one wallet, one trust gradient — expressed through three surfaces, each stickier than the last.
Built to send to South Africa, Kenya, Ghana or Zimbabwe in 3–5 seconds at 2.5–3.5% all-in. Every transaction routed by an AI agent that picks the chain — XRPL, Stellar, Polygon, Solana — the moment you press send.
African corridor average: 8.78%. We're not competing on price — we're winning on it.
Chamas, stokvels, susus, mukando — codified on Coinbase Base L2. Smart contracts enforce the contributions, randomise the payouts and ledger every cent for every member to audit.
Eight cousins in a Round don't churn. The network effect is the moat.
Funerals, school fees, medical bills, weddings, infrastructure. Pooled in smart contracts, transparent to every contributor and released to the beneficiary when the campaign closes.
Ubuntu — I am because we are. Built for the Calgary cousin chipping in for a funeral in Bulawayo.
Most "smart routing" in fintech is a rule table — a static lookup that picks a corridor and a rail and hopes for the best. The RIE is different in kind: a proprietary reasoning layer that weighs every transaction on its own merits, in real time, and chooses the path that lands the money fastest and at the lowest cost.
Running in partner sandbox today. The engine itself is our structural advantage — the reason we expect to price at 2.5–3.5% where others can't, and the foundation of an infrastructure product other fintechs will build on. How it reasons stays under the hood.
A bank wire and a Coynitt transfer, sent at the same moment. One settles on-chain; the other is still clearing correspondent banks days later.
Indicative. Coynitt settlement measured in sandbox on live corridors; bank-wire timing per typical Canada→Africa correspondent routing. Updated August 2026.
Most apps hide their FX margin. We don't. The number you see at confirmation is the number that comes out of your wallet. Pricing below is our published launch pricing.
The African diaspora moves approximately US$240B in financial life every year. Wise, Remitly, Western Union, MoneyGram and Sendwave fight over the US$95B remittance slice. The other US$145B — the chama participation, the stokvel contributions, the susu payouts, the harambee for a sister's wedding — flows through cash, paper notebooks and informal WhatsApp pools.
Coynitt is the rails.
Founded in Calgary, incorporated under the Alberta Business Corporations Act, FINTRAC MSB Approval Pending. Built by a founder who has lived the problem across three diaspora communities — Zimbabwe (Harare), England (South London) and Canada (Calgary) — and built every line of the MVP himself.
Foreign Exchange Dealing, Money Transferring, Dealing in Virtual Currencies — Approval Pending. We will not accept customer funds until it is approved.
Drafted to the PCMLTFA standard: 11 transaction-monitoring triggers, STR/LVCTR/EFTR/TPR workflows, five-year record-keeping.
Every transaction screened against OFAC, UN, EU, UK and CCASL lists, with Travel Rule readiness built in.
Deployed on testnet and undergoing independent audits ahead of public launch.
Our FINTRAC MSB registration is Approval Pending, and we're running partner sandbox testing. Drop your email and we'll send you an early-access invite the day Coynitt opens — before we tell anyone else.
