Koraremit, Inc. today announced a strategic partnership with Rafiki, a leading cross-border payment infrastructure provider, to power its international money transfer platform. The partnership leverages stablecoin technology to deliver unprecedented transparency, efficiency, and security for cross-border transfers.
The integration enables Stratum Remit to offer instant transfers to 17 countries across Africa, Asia, and Latin America while maintaining its commitment to zero transfer fees and transparent pricing.
Stablecoins: The Engine Behind Zero-Fee Transfers
At the heart of this partnership is Stratum Remit's innovative use of stablecoins as the primary on-ramp mechanism for international transfers. When a customer initiates a transfer, their funds are converted to USDC (a dollar-backed stablecoin) and routed through Rafiki's global payment network before being converted to local currency at the destination.
"Traditional remittance relies on a complex web of correspondent banks, each taking a cut and adding delays," said Bisi Adedokun, Founder and CEO of Stratum Remit. "By using stablecoins as our settlement layer, we've eliminated those intermediaries. The result is faster transfers, lower costs, and complete transparency—savings we pass directly to our customers through zero fees."
How It Works: Transparency at Every Step
The stablecoin-powered infrastructure provides several key benefits for Stratum Remit customers:
Complete Transparency: Every transfer is recorded on-chain, providing an immutable audit trail. Customers can see exactly where their money is at every step of the journey.
Near-Instant Settlement: Traditional wire transfers can take 3-5 business days due to correspondent banking delays. Stablecoin settlement happens in seconds, enabling Stratum Remit to deliver funds to recipients within minutes.
Reduced Counterparty Risk: By settling in stablecoins, Stratum Remit minimizes exposure to currency fluctuations and correspondent bank failures that can delay or lose customer funds.
Lower Operating Costs: The efficiency of blockchain-based settlement allows Stratum Remit to operate at a fraction of the cost of traditional remittance providers—savings passed on to customers as zero transfer fees.
What This Means for Customers
For Stratum Remit users, the Rafiki partnership translates to a superior experience:
- Zero Transfer Fees: Not $5, not $3, not even $1. Every dollar you send goes toward your recipient.
- Transparent Exchange Rates: Stratum Remit makes money on a small margin in the exchange rate—and shows you exactly what it is. No hidden costs.
- Faster Delivery: Most transfers arrive within minutes, not days.
- More Countries: The partnership expands Stratum Remit's reach to 17 corridors including new destinations like Mexico, Uganda, Tanzania, and the CFA franc zone.
- Bank-Level Security: All transactions are protected by enterprise-grade encryption and the inherent security of blockchain settlement.
Expanding Access Across Africa and Beyond
The partnership significantly expands Stratum Remit's corridor coverage. New destinations enabled through Rafiki include:
Africa: Uganda (UGX), Tanzania (TZS), Rwanda (RWF), Ethiopia (ETB), Egypt (EGP), Morocco (MAD), and the CFA franc zones covering Senegal, Cameroon, and neighboring countries (XOF/XAF).
Latin America: Mexico (MXN)—marking Stratum Remit's first expansion beyond Africa and Asia.
These additions bring Stratum Remit's total corridor count to 17 countries, with more planned for 2026.
The Future of Cross-Border Payments
"Rafiki's infrastructure, combined with our AI-powered user experience, represents the future of remittance," Adedokun said. "We're not just making transfers cheaper and faster—we're fundamentally reimagining what it means to send money home. When you tell Kora 'send $200 to Mom,' she's orchestrating a sophisticated flow of stablecoins, FX conversion, and local payment rails. But all you see is a simple conversation and money arriving in minutes."
About Rafiki
Rafiki, a product of NALA, is a cross-border payment infrastructure platform that enables businesses to send and receive payments globally. Rafiki's API-first approach and extensive network of local payment partners make it a leading choice for fintechs building international payment products.
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.
Media Contact: press@orokii.com