Chomoka
Curated by SignalSoftware for correspondent banking enhancing financial inclusion for savings groups.
Overview
Chomoka is a fintech company that develops software solutions aimed at correspondent banking, with an emphasis on improving international banking operations among financial institutions. The platform supports cross-border payments, foreign exchange transactions, and international trade finance, allowing banks to offer a range of global financial services. Chomoka specifically targets organizations that facilitate savings groups, particularly those focused on women, and includes features such as digital record keeping, automated calculations, and both offline and online capabilities. The company aims to connect savings groups to the digital economy, addressing issues related to limited access to financial services and the lack of digital tools, thereby promoting financial inclusion and operational efficiency.
Key facts
- Founded
- 2019
- Headquarters
- Atlanta, United States
- Stage
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- Industry
- Financial Technology
- Sector
- Banking Technology
Business model
- GTM channel
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- 7 products and services
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- Commercial model
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