Blockchain & AI-powered remittance, community savings, and crowdfunding — built for the communities that need it most.
Coynitt Inc. · Strictly Confidential · Not for Distribution
Nearly 1 in 4 Canadians was born abroad — the highest share among G7 nations. This is our core customer.
Canada sends $8.6B+ abroad annually with no dominant digital-first player serving the African and Caribbean diaspora.
Wise and Remitly serve generic markets. No one is purpose-built for African corridors with community savings features. That's the gap Coynitt fills.
Active ROSCA/chit fund cultures in every community — a natural on-ramp for Rounds & Harambee.
USDC settles on Base in 3–5 seconds. End-to-end CAD-to-mobile-money in 3–12 minutes — vs 1–3 days for traditional rails.
Transparent pricing with no hidden FX spreads. Half the industry average for African corridors.
Smart routing selects the optimal settlement path across chains in real-time for lowest cost & fastest speed.
Users control their funds. No counterparty risk. USDC on Base & Polygon — battle-tested stablecoins.
CAD → NGN, GHS, KES, ETB, ZAR, XOF, JMD, HTG, PHP, and growing. Africa-first, globally capable.
Bank transfer, mobile money (M-Pesa, MTN MoMo), cash pickup, and crypto wallet — recipient's choice.
Rounds digitizes the traditional ROSCA (Rotating Savings & Credit Association) — a cooperative savings model practiced in nearly every diaspora community worldwide.
Set group size, contribution amount, and payout frequency. Invite members via link.
Members fund their share each cycle. Smart contracts hold funds — no organizer risk.
Blockchain-recorded order. Every contribution and payout is publicly verifiable.
Selected member receives the full pool automatically — no delays, no disputes.
Smart contracts, no middleman
Group invites drive organic CAC
Setup fee + payout fee + yield
Blockchain settlement in seconds
Harambee (Swahili for "pull together") is on-chain crowdfunding for life events — funerals, weddings, school fees, medical bills — backed by full transparency and instant disbursement.
Set a goal, timeline, and beneficiary. Share publicly or within a closed group.
Members fund in USDC or CAD. Every contribution recorded on-chain immediately.
All contributions and the running total are publicly visible. No hidden balances.
Funds released to beneficiary upon goal completion or campaign close. No delays.
Every dollar on-chain, publicly
Smart contract holds all funds
Real community need, real money
Shared campaigns drive user growth
Sumsub powers KYC/AML verification across both web and iOS. FINTRAC Money Services Business (MSB) application submitted — currently pending regulatory approval. All transactions generate a full immutable audit trail.
| Feature | Coynitt | Wise | Remitly | Western Union |
|---|---|---|---|---|
| Average FeeWin | 2.5–3.5% | ~3.5–5% | ~4–7% | ~6–9% |
| Settlement SpeedWin | 3–5 seconds | Minutes–hours | Minutes–days | Minutes–days |
| Blockchain-PoweredExclusive | ||||
| Non-CustodialExclusive | ||||
| Community Savings (ROSCA)Exclusive | ||||
| Africa Mobile Money | Partial | Partial | ||
| Cash Pickup |
Coynitt is the only platform combining blockchain remittance + community savings + crowdfunding — purpose-built for the African & Caribbean diaspora in Canada.
| Component | Detail |
|---|---|
| Flat Fee | $2–5 CAD per transaction |
| FX Spread | 0.5–1.5% on conversion |
| All-in Cost to User | 2.5–3.5% total |
| Avg Transaction Size | $300–500 CAD |
| Component | Detail |
|---|---|
| Round Setup Fee | $5–15 per round created |
| Payout Fee | 0.5–1% per pool disbursement |
| Yield | Float yield on pooled USDC |
| Viral CAC | $0 — group invites = free acquisition |
Every Round or Harambee is a group acquisition event. Each member who joins invites their community — creating compounding, zero-cost growth. Rounds aren't just a product; they're a distribution channel.
Coynitt has established sandbox and developer relationships across the full settlement stack — from on-ramp to off-ramp — before spending a dollar of investor capital.
CAD → USDC on-ramp via Interac e-Transfer. Sandbox environment active — end-to-end on-ramp flow tested and validated. PayTrie enables instant fiat conversion for Canadian users without requiring a crypto exchange account.
Circle's Programmable Wallets SDK powers Coynitt's non-custodial architecture for Rounds & Harambee. Users maintain full self-custody of pooled USDC — no counterparty risk. Sandbox environment validated the full wallet creation, funding, and disbursement lifecycle.
Africa's leading crypto off-ramp covering 20+ African countries with M-Pesa, mobile money, and bank transfer support. In active discussions to finalise sandbox access — positioning Coynitt for the highest-demand corridors (Nigeria, Ghana, Kenya, Ethiopia, South Africa).
Two complementary off-ramp partners evaluated for European and Asian corridor expansion. Ramp Network has provided a platform proposal at US$7K/year — enabling corridors across the UK, EU, Philippines, and South Asia. Discussions with Transfi ongoing. A portion of Pre-Seed funding is earmarked to activate these partnerships at launch.
Every layer from fiat entry to local payout is covered by a validated or actively negotiated partner — giving investors confidence that the infrastructure is real, not theoretical.
| Metric | Y1 | Y2 | Y3 | Y4 |
|---|---|---|---|---|
| Active Users | 5K | 20K | 60K | 150K |
| Txn Volume | $5M | $18M | $50M | $125M |
| Revenue | $200K | $800K | $2M | $4.5M |
| EBITDA | –$175K | –$80K | $200K | $1.2M |
Funding via SAFE (Simple Agreement for Future Equity) at a $6M CAD valuation cap. Provides 14–20 months of runway — enabling FINTRAC licensure, mainnet launch, off-ramp partner activation, and the first key hires needed to reach Series A readiness.
Stanford is a self-taught developer and entrepreneur with direct experience navigating the African diaspora financial system. He has built the Coynitt platform from the ground up — including the Freida Design System, iOS app, web app, smart contracts, and backend infrastructure — combining deep personal insight with technical execution. Coynitt is his solution to a problem he has lived.
Pre-Seed · SAFE · $6M CAD Valuation Cap · 14–20 Months Runway
stanford@coynitt.ca · coynitt.ca · May 2026 · Confidential