Kaoun

What they do:

Kaoun is a mobile app that allows the banked and the unbanked to exchange money from the comfort of their phones. Their payment solution offers eKYC, mobile payments and credit solutions built with distributed ledger technology

Kaoun’s mobile wallet allows merchant payments, cash in/cash out operations, peer to peer transfers, and domestic remittances especially designed to reach those currently excluded from formal financial institutions.

Why we invested:

Tunisia can be best described as a cash-dominant and underbanked country, which has led to significant issues due to lowered financial inclusion. Tunisians to have access to essential resources due to these issues. Currently, only 36% of Tunisian adults have bank accounts and only 13% of Tunisians have used a credit/debit card to make a purchase. Due to this low level of account ownership, access to credit is also difficult for most Tunisians. This is primarily due to a mismatch of the needs of Tunisians and the services offered by banking institutions.

Kaoun provides financial services application that will bring financial inclusion and a cash-less society to Tunisia. The application has both a consumer-facing build, which is available to the public, and end-which will allow banks to smoothen their consumer experience.

Founding Team:

Nebras Jamel is the Co-Founder and CEO of Kaoun

Anis Kallel is the Co-Founder and CTO of Kaoun

Active in:

Tunisia