Karri

Karri is a mobile payment app that has helped remove millions in cash from school grounds through secure, trackable online transfers. It has made paying insanely fast and easy, the app enables parents to make safe, quick and convenient payments to their school or other community organisation. Karri is powered by Nedbank, meaning your money is always secure; and is the only product currently in the school space that combines real-time messages, reminders, a secure payment platform and a comprehensive financial management system. Parents simply download the app for free onto a smartphone, create a login and make an instant payment to the school from your credit card, debit card or via EFT. Parents can store funds in their Karri wallet to make sure they never miss a payment again. Receive a convenient reminder about upcoming payments and add all events to their calendar, straight from the Karri app. Keep it simple, use Karri.

https://www.karri.co.za

11-50 employees

Growth Trajectory

Karri is poised for growth through continued partnerships with schools, expanding the Karri Card program, and developing new features focused on financial literacy for students and parental controls. They also have potential in expanding into other regions and offering additional financial services. Their emphasis on maintaining service uptime and providing customer support will be crucial for sustaining this growth.

Technical Challenges

Maintaining security and preventing fraud.

Ensuring smooth integration with various school and banking systems.

Maintaining 99.99% service uptime.

Malfunctions and delays inherent in Internet and electronic communications.

Tech Stack

Mobile app (iOS and Android)Karri WalletKarri Card (Mastercard)Payment gateway integrations (Ozow and Stitch)Karri dashboardPushwooshFirebase SDKs

Team Size

General Team

Key Risks

Convincing schools and parents to switch from traditional payment methods like cash and EFTs.

Maintaining 99.99% service uptime.

Competition from other payment solutions for schools and families.

Regulatory requirements for financial services providers in South Africa.

Technical hurdles inherent in Internet and electronic communications

Opportunities

Further development of the Karri Card features, especially focusing on financial literacy and parental controls.

Expanding partnerships with schools and financial institutions to increase adoption.

Enhancing app features, improving payment security, and expanding payment options to cater to a wider range of users.

Expanding into other areas of student financial management beyond just school payments.

Leveraging their high app ratings and positive user feedback to attract new customers.

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