Koraremit, Inc. today announced the launch of its revolutionary AI-powered money transfer platform, introducing Kora—the world's first conversational AI assistant for cross-border remittance.
The platform enables users to send money internationally through natural conversation, eliminating the complex forms and multi-step processes that have long plagued the remittance industry. Users can simply say "Send $200 to Mom in Nigeria" and Kora handles the rest—from recipient selection to exchange rate display to transfer confirmation.
A New Era for International Money Transfers
"We built Stratum Remit because we believe sending money to family shouldn't feel like filing taxes," said Bisi Adedokun, Founder and CEO of Stratum Remit. "With Kora, we've made it as simple as having a conversation. Just tell her what you need, and she takes care of everything."
Unlike rule-based chatbots offered by competitors that simply route users to FAQ pages or human agents, Kora is a true AI assistant that understands natural language, learns user preferences, and can complete end-to-end transactions through conversation.
Key Features
Voice-Powered Transfers: Users can speak naturally to send money. "Hey Kora, send $500 to my sister in Ghana" or "What's the rate to India today?" Kora understands context and intent, not just keywords.
Smart Recommendations: Kora learns user patterns and proactively helps—reminding users about family birthdays, alerting them when exchange rates are favorable, and suggesting optimal times to send.
Zero Transfer Fees: Stratum Remit charges no transfer fees on any transaction. The company makes money through a small, transparent margin on exchange rates—which is always disclosed to users.
Instant Delivery: Most transfers arrive within minutes to bank accounts and mobile wallets across 17 countries in Africa, Asia, and Latin America.
Industry-First AI Technology
Stratum Remit's AI technology represents a significant leap forward for the remittance industry, which has historically relied on form-based interfaces inherited from wire transfer systems.
"Other apps have added chatbots, but they're essentially FAQ lookups that redirect you to a website to complete your transfer," Adedokun explained. "Kora is different. She can complete your entire transfer through conversation—understanding that 'send some cash to my bro' means the same as 'transfer money to my brother.'"
Availability
Stratum Remit is available now on iOS and Android. The platform supports transfers from the United States to 17 countries including Nigeria, Ghana, Kenya, Uganda, Tanzania, South Africa, Rwanda, Ethiopia, Egypt, Morocco, India, Pakistan, Philippines, Bangladesh, and Mexico.
About Stratum Remit
Stratum Remit is a next-generation money transfer platform combining AI technology with instant payment rails to make international remittance simple, fast, and affordable. Founded in 2021 and headquartered in the United States, Stratum Remit is licensed by NMLS (#2116903) and committed to transparent, fee-free transfers. For more information, visit orokii.com.
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