What is KOKU? KOKU Review, Features

Founded in 2016, KOKU is a Singaporean cross-border service technology platform. KOKU mainly cooperates with non-bank financial intermediaries such as remittance services and online lenders to improve service speed through technology optimization, helping users complete foreign currency exchange and cross-border remittances in a more economical way.

About KOKU

KOKU is a fintech startup that advocates for simplifying technology to drive category growth for financial service providers.

KOKU is an enabler of FX technology, empowering small to large non-bank remittance operators such as remittance companies and liquidity providers by making it easy for customers to transform their business operations with technology. KOKU’s FX TechUP Suite provides cheaper, faster and digital-first remittance and FX services to agents, corporate and retail customers around the world.

Koku mainly cooperates with non-bank financial intermediaries such as remittance services and online lenders to improve service speed through technology optimization, helping users complete foreign currency exchange and cross-border remittances in a more economical way.

Koku mainly works with clients in Singapore, Hong Kong and the Philippines, with plans to expand into emerging markets in Southeast Asia including Cambodia, Indonesia, Myanmar and Vietnam.

FX TechUP Suite

1. Remittance Stack

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1. Create your own competitive remittance technology stack

With a mix of features and services to build your digital remittance offering and streamline business operations, white label remittance solutions are a smart way to upgrade your technology in a way that saves time and money.

2. Digital transaction and operation functions

Build your remittance and FX products on top of our technology, our stack has KYC capabilities allowing you to achieve higher levels of compliance and is also available as an API under our Integrations Marketplace.

Target customers

1. Business Type

Large and small remittance and foreign exchange service providers.

2. Technical capabilities

Providers with legacy or little to no technology.

3. Business life cycle

An established player or a new entrant in the industry.

2. Contact Liquidity Providers

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1. Use one platform to manage all your liquidity providers and agents

Invite your partners and agents to join, trade between your private network, or get the best of both worlds when you use KOKU's extensive network. KOKU's unified platform means you no longer need to manage multiple instruments for multi-currency on-demand settlement, which is a smarter way to manage liquidity and risk.

2. Market transaction and operation characteristics

KOKU's platform gives you sole ownership and visibility to drive all transactions you make. It is also available as an API under KOKU's Integrations Marketplace.

Target customers

1. Major liquidity providers

Liquidity providers who want to create their own or leverage the KOKU network of market participants.

2. Market Participants

Liquidity providers and brokers who want to work with major liquidity providers.

3. Integrated Market

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1. Integrations that are as flexible as your growth plans

Whatever your business needs, you can add KOKU and third-party integrations to your FX TechUP Suite. KOKU’s marketplace is a one-stop resource that gives FX TechUP Suite users the freedom to expand their remittance and FX business offerings.

2. Market transaction and operation characteristics

Get the building blocks you need to optimize your business opportunities and customer experience, KOKU’s marketplace allows you to connect to a variety of features such as digital wallets and KYC.

Target customers

1. Suite Usage

New and existing users of KOKU FX TechUP Suite.

2. Technical capabilities

Providers with legacy or little to no technology.

3. Business Type

An established player or a new entrant in the industry.

Plans and Pricing

Technology plans for businesses of all stages, shapes and sizes

Get recurring benefits on technology development with our monthly subscription, allowing you to get started quickly and upgrade as you grow.

Advantages

1. KOKU’s FX TechUP Suite helps advance business operations to provide cheaper, faster and digital-first transfer and foreign exchange services to global customers.

2. KOKU’s FX TechUP Suite is carefully designed and easy to integrate, helping users quickly adopt KOKU’s solutions and bring them to market without risk.

3. KOKU’s lineup of remittance and foreign exchange solutions allows you to customize your own technology stack and interact with others within the ecosystem to enhance your competitive advantage.

Financing

-In December 2016, it received US$250,000 in seed round financing.

-In April 2019, Koku, a Singaporean cross-border service technology platform, announced the completion of a US$2 million Pre-A financing. There was only one investor in this financing, namely Zeng Liqing, co-founder of Tencent and chairman of angel investment company Dexun Investment. The new funds will be used to expand the company's Southeast Asian business, with potential markets including Indonesia, Vietnam, Myanmar and Cambodia.