It takes a few minutes to get started saving on Koa.
Here’s how:

• Download the Koa app from the App Store & Play Store

• Create an account by signing up with your preferred email address

• Verify your mobile number

• Complete your profile by providing your full legal name, your date of birth, that is registered to your name, identity information such as your National Identity card or Passport number and your home address.

• Your account will be verified in a few minutes

• Create your first goal or deposit into your Quick Save goal

Your Koa PIN is a unique & confidential 4 digit PIN that you will use to secure your Koa account.

You will use it to authenticate your withdrawals and to access your account.
Some tips for you:

• Ensure your PIN is unique

• Use a PIN that is not easy for others to guess

• Choose a PIN you can always remember

• Never share your PIN with anyone, not even Koa staff

• For security reasons, you can change your PIN at any time through the Koa settings menu.

You can find the Koa app on the App Store and Play Store

• A smart-phone

• An MPESA registered phone number

• A Kenyan issued National ID or Passport

• An active KRA PIN (Optional)

• Providing your KRA PIN on Koa unlocks a higher saving limit. It serves to check that the identity documents provided matches with what has been recorded on official databases.  
  Rest assured, your data is 200% protected and we ensure that it is only used for verification purposes.

• Koa does not sell your private information to any other parties.

Yes. For compliance purposes, we will require that the name on your identity document matches the name on your MPESA.

Not just yet. We’re working on enabling multiple payment options so that all customers can save how they would like to save.

Not just yet. For compliance reasons, we can only accept Kenyan government issued passports or National Identity cards at this moment.

• KYC or KYC verification is the mandatory process of identifying and verifying your identity when opening a Koa account and periodically over time.

• We need this KYC Verification to provide an additional layer of security on your savings in regard to authentication.

• Our verification process usually only takes anywhere from a few minutes to 24 hours based on feedback from our security partners and government databases.

• Validating your KRA PIN generally only takes a few minutes to 24 hours based on feedback from our security partners and government databases.

• Our KYC process involves cross checking the details you provide across various government agencies such as the Kenya Revenue Authority and the Integrated Population Registration System.  

• All information you provide through our application is securely stored and once verified, will only be accessed upon your request.

Your verification can be unsuccessful if the information you provide is incorrect or cannot be verified. You will be informed via the app, where you will be able to edit your details accordingly so they can be submitted once again. Alternatively, you can reach out to our Support team for assistance.

A goal in our context is a financial goal that you are working towards.

Not always.We recommend creating your own goals but understand that there are times when you may not have a financial goal in mind but still want to save. You can deposit into your Quick Save and keep earning interest.

Not at all. We completely understand that life happens. You are welcome to edit your goal to fit your circumstances or delete it if it is no longer serving you.

Yes you can. Here’s how:

• Click on a goal under "My Savings" on the Home Page

• Alternatively, click on More or Swipe if you have multiple goals

• Select a goal that you would like to edit

• At the top you should see three vertical dots. Click on them.

• Select 'Edit'

• Update the details of your goal

• Click save

• That’s it 🎉

You can create as many goals as you would like.

Quick Save allows you to get started saving without creating your own goal. We understand that there are times when you may not have a financial goal in mind but still want to save, deposit into your Quick Save and keep earning interest.

Congratulations! You can choose to withdraw your money and spend it towards your goals! OR Better yet, you can choose to keep growing your money by keeping it saved on the Koa app and it will continue to accrue interest!

For compliance and safety reasons, you can only change your mobile number if you have not made any deposits.
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Please reach out to our support team right from your app or by emailing hello@withkoa.com for help with this.

Please reach out to our support team right from your app or by emailing hello@withkoa.com for help with this.
Please note, that if we are required by law to retain your data, we shall communicate to you the ground(s) for retaining your data. In such an instance, we shall ensure that we restrict access to your data by taking special measures to archive and store such data safely and maintain strict confidentiality about your identity, until we are allowed to permanently erase your data. Read more about our Data Retention Policy

A beneficiary is a person you nominate to receive your savings in the unfortunate event of your demise. You may choose to nominate a next of kin, a spouse, or a partner.

• You can add a beneficiary right from your Koa app. Here’s how:

• Click More

• Select ‘Account Beneficiary’

• Add the details of your beneficiary

• Hit Save

• That’s it 🎉

Yes, they can. Simply add them as a beneficiary on your Koa app. If they do not have an identification number like a passport or National ID, you can omit this entry.

Yes. You can change or edit the details of your beneficiary by:

• Click More

• Select ‘Account Beneficiary’

• Update the details

• Hit Save

• That’s it 🎉

Yes! Our new and improved referral scheme is up and running, which allows you and your friend to both earn KES 250.00 when you every successfully complete the referral  (T&Cs apply). Start referring your friends by following the instructions below:

• Step 1: Share your referral code with up to 10 new customers and encourage them to start saving with Koa.
• Step 2: The new customer must then sign up to Koa, be fully verified, deposit a minimum of KES 500.00 within 24hrs of verification and ensure that the minimum deposit is held for at least 15 days
• Step 3: Upon completing the minimum deposit and 15-day balance requirements, the new customer and the referee will both be rewarded with KES 250.00 transferred directly into their Koa quicksave accounts.

If you have any questions you can contact the customer service team on hello@withkoa.com or via the in-app chat.

When you deposit on Koa, your money is passed on to regulated third-party financial institutions who invest in regulated products such as collective investments schemes (Money Market Funds), fixed deposit accounts, shares, and bonds that are publicly traded on the Nairobi Stock Exchange (Investment Products).

This diversification ensures that your funds remain safe and earn competitive interest.

You can make a deposit right from your Koa app.
Here’s how:

• Tap on the Deposit button on the home screen.

• Enter the amount (a minimum of sh.100)

• Click on Transfer Funds

• Enter your Koa PIN and confirm

• An MPESA pop up will appear

• Enter your MPESA PIN

• That's it 🎉

You can deposit as little as Ksh 100 and up to your maximum daily limit on MPESA.

Top-up your savings at any time for free with a single click via MPESA through the Koa app!

Not just yet.

We’ve heard your feedback and are working on enabling this feature by later this year. Stay tuned for updates.

Not just yet.

We have significantly improved the deposit experience and removed all costs associated with making a deposit via our app.

Not just yet. Deposits can only be made via MPESA through the Koa app.

We’ve heard your feedback and are working on enabling this feature by later this year. Stay tuned for updates.

3 to 5 minutes to reflect (should be immediate)

You can make a withdrawal right from your Koa app.
Here’s how:

• Tap on the Withdraw button on the home screen.

• Enter the amount (a minimum of sh.100)

• Click on Transfer Funds

• Enter your Koa PIN and confirm

• That's it 🎉

• You should receive your withdrawal in a few minutes

Your withdrawal should arrive within a few mins; however, in the case that there are issues beyond our control with our transaction partners this can be further delayed.

Absolutely. With Koa, you will always have access to your money. If you choose to make a withdrawal from any of your goals, you can withdraw this money at any time and no interest will be forfeited or any penalties made against your account.

You can ONLY initiate two withdrawals within a 24-hour window.

Flutterwave is a company that has developed a payment infrastructure that helps to facilitate transactions such as those between you and Koa for a seamless and integrated experience.

We have partnered with regulated third party institutions that provide a return on your investment. Today we are able to provide returns on your savings with an interest of up to 8-10% p.a.* compounded daily (*The values indicated are gross of tax).

Your savings starts to accrue interest 24 hours after your first deposit on Koa, and on a daily basis thereafter. The interest on your savings is credited to your Koa account daily. You will see a transaction of interest added to your account daily in your transactions history respective to the goal and/or quicksave.

The earned interest on your savings will reflect daily and will be added to your Koa account daily. You can withdraw this amount at any time.

Not at all! All deposits made on Koa towards your savings are absolutely free.

Yes. Each withdrawal will attract a fee of 50sh. Please note: you can ONLY initiate two withdrawals in 24hours.

Not at all! We do not charge any fees on your savings, we only focus on helping you grow your money and achieving your financial goals. There are no hidden fees with Koa.

No, Koa does not charge any management fees.

Not just yet.

Koa is a technology company focused on helping you save and reach your goals. We make saving simple, seamless, flexible, and hassle-free.
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This means that we are not able to offer you a digital loan but would like to enable you to save for the future. Our team is working on getting the necessary licenses to enable us to provide this service for you in the future.

Not just yet. We’ve heard your feedback and are working on enabling this feature by later this year. Stay tuned for updates.

Not just yet.

We have designed the Koa app to make it easy for you to track your savings goal and interest. Once you log in to your Koa app, you will see:

• Your total savings: The total amount you have saved on your Koa app.

• Your earned interest: How much your money has grown on your total deposits.

• Pending actions: These are upcoming actions based on your savings goal, such as 'transfer KSH 1,000 to your Emergency Stash'.

• Your savings goals: This is a snapshot of how each goal is performing, how much has been saved per goal, and the maturity date for your goal.

• Your transactions: This is a statement providing details of all your transactions - both deposits and withdrawals, whether successful or unsuccessful for full transparency.

We also send you notifications on your emails and registered phone number anytime a transaction occurs to ensure no activity on your Koa account goes unnoticed or unapproved by you. In the unlikely event that this happens, please reach out to us immediately to further investigate the occurrence.

For Android

• Koa is compatible with all Android devices that are running Android version 6 or higher.

For iOS

• Koa is compatible with all iOS devices that are running iOS version 13 or higher