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Knabu Distributed Systems (Knabu) is a developer of a blockchain-based clearing infrastructure intended to address the denial of banking services. The company was founded in 2017 by CEO Gabrielle Patrick and CTO Hakim Mamoni and is headquartered in London, England. The business of Kanbu is of two types: the first is a B2B blockchain security services provider, and the second is a B2B banking service looking to support the African financial technology space.
The company's infrastructure is based on a serverless decentralized platform, blockchain, built on the existing banking economy and capable of moving funds between customers of other banks and payment service providers while accepting deposits from individuals and other institutions. The company offers clearing and settlement banking services for businesses, particularly in underbanked areas. The company focuses on the African business diaspora and is working with African financial technology companies that do not receive banking elsewhere.
The services offered by Knabu include designing software systems; supporting financial technology companies and banks; allowing digital payments; providing built-in security layers within their services rather than bolted-on services; enabling more efficient trade and transactions; and using new technology to solve old and new banking-related problems.
