Most people know the hassle of sending and/or receiving money from outside the shores of Nigeria. How you have fill different forms, and then wait for days before getting the money. Not forgetting the charges for each transaction as well as the never favourable exchange rates.
Our #BellaNaijaMCM this week Chukwunonso Arinze, is changing that with his new platform KAOSHI.
KAOSHI is a mobile app that connects money senders across the globe. It boasts of being able to help users “send money to anywhere in the world quickly and without paying expensive fees”.
The platform facilitates a peer to peer money swap instead of actually sending the money across borders. Users who want to send money between countries are matched to swap the currencies between themselves, making it cheaper and more convenient.
Chukwunonso’s KAOSHI is a finalist for the 2019 Africa Prize for Engineering by the Royal Academy of Engineering.
Chukwunonso is also the founder of CarNanny, a seat incorporated with optic sensors that serves as an internet of baby things about the well-being of a baby. It’s like Amazon Echo in a baby car seat with optic sensors.
CarNanny was a finalist for the 2018 SPIE Startup Challenge.
Chukwunonso has a B.Sc in Mechanical Engineering; B.Sc in Physics from the University of Texas and a PhD Candidate in Theoretical Physics at the University of Chicago.