ABOUT COYNITT · BUILT IN CALGARY

Built in Calgary, for a family spread across three continents.

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.

US$240Bdiaspora financial life · yearly

US$145Bwith no rails built

ABCAincorporated in Alberta · banked in Calgary

01 · HOW WE DECIDE

Print the price.

Every fee, including the FX margin, appears as its own line before the user confirms. No exceptions for a better-looking headline number.

02 · HOW WE DECIDE

Respect the institution.

A chama has rules older than our company. We encode what families already do rather than redesigning their customs for them.

03 · HOW WE DECIDE

Regulators first.

Compliance is built before growth, not retrofitted after a takedown notice. We would rather launch later than launch quietly.

04 · HOW WE DECIDE

Ship what we would send with.

Nothing goes live on a corridor the founder would not use to send money to his own family that week.

WHY WE BUILT IT

No rails were ever built for the whole diaspora financial life.

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.

US$95Bremittance — the slice they fight over

US$145Beverything else — no rails built

Coynitt is the rails.

US$95BRemittance. The slice Wise, Remitly, Western Union, MoneyGram and Sendwave fight over.

US$145BEverything else. Chama participation, stokvel contributions, susu payouts, the harambee for a sister's wedding — through cash, paper notebooks and informal WhatsApp pools.

US$240BTotal addressable diaspora financial life, every year.

The first functions we will staff once the round closes.

ROLEOWNSWHENSTATUS

Compliance leadThe FINTRAC programme, partner due diligence and the AML playbook as volumes startPost-closeNot yet open

Corridor partnershipsSigning and managing payout partners across East, West and Southern AfricaPost-closeNot yet open

Founding engineerSecond pair of hands on the wallet, the contracts and the routing enginePost-closeNot yet open

Not open positions. Listings are published on the Careers page when the round closes.

WHO IS BUILDING IT

One founder, three diaspora communities, every line of the MVP.

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.

Founder & CEOCalgary · Harare · South London

WroteWallet & ledger · routing engine · contracts · compliance tooling

CompanyAlberta ABCA · banked in Calgary

Building towardFINTRAC MSB registration

What people ask about us.

Can I use Coynitt today?

Not with real money. Our FINTRAC MSB registration is Approval Pending, and we are in partner sandbox testing. Waitlist members are invited as corridors open.

Is my balance insured?

No. Coynitt is not a bank and balances are not covered by CDIC. Funds are segregated, reconciled daily and recorded on-chain instead.

What happens if Coynitt shuts down?

Customer funds are held separately from operating funds specifically so they can be returned, and the on-chain ledger remains readable independently of us.

Built in Calgary, for a family spread across three continents.

No rails were ever built for the whole diaspora financial life.

A fintech corridor company, headquartered on the prairie.

The first functions we will staff once the round closes.

One founder, three diaspora communities, every line of the MVP.

What people ask about us.

Write to us in Calgary.