| Destination country | Kenya ▼ |
| Amount (CAD) | 300.00 |
| 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 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 never stated as a number, 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.
Coynitt is the financial operating system for the African diaspora. Transfers, Rounds and Harambee on one platform — built to settle on-chain in seconds*.
Coynitt is not yet open to the public and is not accepting customer funds. Further regulatory steps remain, including registration with the Bank of Canada under the Retail Payment Activities Act.
*Target times, not yet measured in testing or in live service. Actual times vary by payout method and partner, and network or partner issues may cause delays.
The globe is an illustration, not live transfers. Planned corridors: Kenya, South Africa, Ghana, Nigeria, Rwanda and Zimbabwe. None is open yet.
Fees came down a little, apps got prettier, and the money still crawled through correspondent banking. We rebuilt the layer underneath.
*Target times, not yet measured in testing or in live service. Actual times vary by payout method and partner, and network or partner issues may cause delays.
Transfers acquire the user. Rounds and Harambee retain them. One KYC, one trust gradient — expressed through three surfaces, each stickier than the last.
Built to send to South Africa or Kenya in about five minutes*, at 2.92% all-in on CAD 300. Designed so a routing engine scores the available routes for each transfer, with an AI model for edge cases.
Sub-Saharan Africa average: 8.78% (World Bank, Q1 2025; US$200 sends from all the countries it tracks, not Canada only). 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. One campaign, transparent to every contributor.
Ubuntu — I am because we are. Built for the Calgary cousin chipping in for a funeral in Kisumu.
*Target times, not yet measured in testing or in live service. Actual times vary by payout method and partner, and network or partner issues may cause delays.
Sub-Saharan Africa average: World Bank, Remittance Prices Worldwide, Issue 53 (Q1 2025), average cost of sending US$200 to the region from all the countries it tracks. It is not a figure for sends from Canada or for any single corridor.
Deployed on Google Cloud Run; not routing customer transfers (Coynitt is not open). *Target times, not yet measured in testing or in live service. Actual times vary by payout method and partner, and network or partner issues may cause delays.
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.
*Target times, not yet measured in testing or in live service. Actual times vary by payout method and partner, and network or partner issues may cause delays. The Coynitt time is a target for Kenya and South Africa. Bank-wire timing per typical Canada→Africa correspondent routing. Updated September 2026.
Most apps hide their FX margin. We don't. The number you see at confirmation is the number you pay. 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, and registered with FINTRAC as an MSB (No. N300002230). 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.
Coynitt Canada Inc. is registered with FINTRAC as a money services business (MSB registration no. N300002230). Registration is not a licence or an endorsement. Coynitt is not yet open to the public and is not accepting customer funds. Launch is subject to further regulatory requirements, including registration with the Bank of Canada under the Retail Payment Activities Act. No launch date has been set. Registered activities (FINTRAC MSB registry): Money Transferring; Virtual Currency.
Drafted to the PCMLTFA standard: 11 transaction-monitoring triggers, STR/LVCTR/EFTR/TPR workflows, five-year record-keeping.
Sanctions screening is being built and is not yet in operation.
Deployed on testnet only. No independent audit has been completed yet.
Coynitt Canada Inc. is registered with FINTRAC as an MSB, but we are not yet open and are not accepting customer funds. Further regulatory steps remain, including Bank of Canada registration under the Retail Payment Activities Act. Join the waitlist and we will email you before invitations open.
