Sikoba is a blockchain-based IOU system

Businesses all over the world, especially in developing countries, often pay with informal promises instead of cash. We make this process much more efficient and help boost local economies.

 IOU = "I owe you", an acknowledgement of debt

Informal credit is when IOUs are used instead of cash. This is widely used in developing
countries, but often in an inefficient way.

Sikoba overcomes the limitations of informal credit:

Because debt is registered on a blockchain, users can obtain legal certainty and are able to establish a credit history

Users can transact beyond their immediate circle of trust, as SikobaPay identifies trusted intermediaries

SikobaPay automatically clears circular debt, thus reducing the need for cash settlement

SikobaPay is designed to enhance, expand and automate these age-old mechanisms of transacting by using credit lines

Sikoba in a nutshell

Have a look at a one-minute introduction to Sikoba by its founder, Alex Kampa. For more details, please check our deck. For more videos visit Sikoba User Resources page.

Sikoba Cooperation Partners 

For more videos check our YouTube!

How it works:


Create an account


Connect with your usual business partners


Grant and receive credit lines


Decide which business partners can use your credit lines via credit conversion


Pay or Request payments


Watch as your credits and debits are cleared automatically!

Subscribe to our Newsletter

Use Cases

Sikoba can be used as a generic platform for various financial use cases.
A few use cases are listed below—for more information, check our Partners page.

Setting up local currencies is a natural use case for SikobaPay. We aim for an easy set-up that will make it possible to start a local currency even for very small communities. In addition, users of local currencies can be encouraged to use Sikoba's IOU features to further boost the local economy.

SikobaPay can help to jump-start local economies. Once people realise that bank money is not absolutely necessary and have a tool for keeping track of mutual credits and debits, even primitive economics may get a boost.

For NGOs involved in Direct Giving, money distribution is a major expense. With SikobaPay, beneficiaries can regularly get a "credit" which they can use directly for purchases in local stores, while cash withdrawals will be subject to a fee. This will significantly reduce costs.

Operations of MFIs (Micro-Finance Institutions) are often inefficient and sometimes still paper based. SikobaPay can be used as a tool to automate loan management. By onboarding local stores, cash loans can also be partially replaced by credits on the SikobaPay app, further reducing operational costs.


© Copyright 2021 Sikoba Ltd - All Rights Reserved