Coynitt is the financial operating system for the African diaspora: transfers, savings circles and community fundraising on one platform, recorded on-chain. It exists because the person who built it kept paying 9% to send money to people he loves.
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.
Every one of those flows is a real financial product with real rules. None of them have ever had software that respects the rules. That is the gap Coynitt was built to close, starting with the corridor the founder sends down himself.
Coynitt is the rails.
Coynitt is built by a founder who has lived the problem across three diaspora communities — Zimbabwe (Harare), England (South London) and Canada (Calgary) — and wrote every line of the MVP himself: the wallet, the routing engine, the Rounds and Harambee contracts, and the compliance tooling underneath them.
The company is incorporated in Alberta, banked in Calgary, and building toward FINTRAC MSB registration with the same seriousness the regulator applies to it.
The first functions we will staff once the pre-seed round closes. Not open positions — see careers.
Owns the FINTRAC programme, partner due diligence and the AML playbook as volumes start.
Signs and manages payout partners across East, West and Southern Africa.
Second pair of hands on the wallet, the contracts and the routing engine.
Calgary has one of the fastest-growing African diaspora populations in Canada, an engineering labour pool retrained out of energy, and a provincial appetite for building financial infrastructure outside Toronto. Coynitt is incorporated here under the Alberta Business Corporations Act and intends to stay.
Every fee, including the FX margin, appears as its own line before the user confirms. No exceptions for a better-looking headline number.
A chama has rules older than our company. We encode what families already do rather than redesigning their customs for them.
Compliance is built before growth, not retrofitted after a takedown notice. We would rather launch later than launch quietly.
Nothing goes live on a corridor the founder would not use to send money to his own family that week.
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.
