The cryptocurrency payment platform Kotani Pay has completed a $2 million pre-seed funding round, led by P1 Ventures

ChainCatcher news, according to TechCrunch, cryptocurrency payment startup Kotani has completed a $2 million pre-seed funding round, led by P1 Ventures, with participation from DCG/Luno, Flori Ventures, and others.

It is reported that Kotani Pay is a cryptocurrency/fiat payment platform in Africa that enables businesses to remit money to Africa through local payment channels by converting fiat currency to stablecoins and stablecoins back to fiat currency. Through this platform, customers can connect their dapps, wallets, or blockchain networks to local payment channels in Africa.