Karata
Founded
2019 in Dar es Salaam, Tanzania — Karata Technologies was established to address the need for digital payment solutions by providing an adaptive cashless payment system that enables peer‑to‑peer and business transactions across retail and enterprise use cases.
Founders & Leadership
Sylivester George — Co‑Founder & Lead (technology and product development).
Edgar Mukono — Co‑Founder & Engineer (technical growth and implementation).
Fadhil Hhari — Team Member (IT & software development).
(Team based in Dar es Salaam, focused on fintech solutions.)
Location
Dar es Salaam, Tanzania — with local focus on digital payments and cashless commerce solutions in the Tanzanian market.
Industry
FinTech / Payments / Digital Wallet Technology — building digital payment systems and wallet infrastructure to support both small‑scale retail and larger business transactions.
Funding Stage
Bootstrapped / Early Stage — There are no publicly available records of institutional funding rounds (e.g., Pre‑seed, Seed, or Series rounds) or major investor disclosures for Karata Technologies. The company appears to be bootstrapped or operating with early‑stage support rather than formal venture funding at this point. (Inferred from lack of investor info on F6S and typical startup disclosure conventions.)
Overview
Karata Technologies is a Tanzanian fintech startup that builds digital payment systems and wallets allowing users to transform cash into digital currency and transact seamlessly. The platform facilitates peer‑to‑peer transfers, merchant payments, and business transactions across scales — from small retail payments to larger business‑level settlements — with the goal of advancing financial inclusion and cashless commerce in the region.
Core Features & Capabilities
Digital Wallet Platform: Users can store and transact digital funds, enabling cashless payments for goods and services.
Peer‑to‑Peer Transfers: Sends and receives digital money between accounts quickly and securely.
Business Payments: Supports both small‑scale retail transactions and larger business payments using the same cashless infrastructure.
Scalable Payment Infrastructure: Designed to grow with user needs — from individual payments to enterprise use cases.
Target Market
Consumers & Everyday Users looking for a convenient cashless wallet to send and receive money in Tanzania.
Small & Medium Businesses seeking digital payment acceptance solutions with simplified wallet transfers.
Retail Merchants aiming to reduce reliance on cash and adopt digital payment systems.
Value Proposition
Karata Technologies aims to digitize payments in Tanzania by providing a flexible digital wallet and payment platform that simplifies cashless transactions for individuals and businesses — helping users transition from cash‑based systems to efficient, digital financial interactions.