# Koinage Inc.

Accept & deposit loose change directly to your bank account. 

## Elevator pitch
Koinage Inc has developed a patented API-driven platform through which retailers can electronically pay loose change resulting from cash transactions to customers at POS. Customers can receive up to $99.99 in change electronically via a unique QR code scan on the Koinage mobile app, and funds collected with the mobile app can be accessed in real time by any user

- Canonical URL: https://wefunder.com/koinage
- Entity ID: wefunder:company:115523
- Last updated: 2026-06-19T23:52:02Z
- Generated at: 2026-06-20T20:48:37Z

## Quick facts
- ⚡ Early mover in the ~$1.3T retail cash sales market
- 💸 $48.5B in coins sitting in US homes
- 📃 Patent pending and easy-to-use API platform for retailers
- 💪 Newchip accelerator alumni
- 💸 Main Street Ventures 2022 Grant Recipient
- Minority owned
- Koinage App is live on iOS and Android

## Active fundraises
- wefunder:fundraise:63797: 4(a)(6) open (USD)

## Story
Our patent-pending solution provides an easy-to-integrate API platform for retailers to pay loose change electronically at point of sale while reducing time and eliminating the cost of handling coins. Koinage keeps coins in circulation and accessible by users in real-time – all from their smart phone.After paying in cash, merchants will have the ability to scan a unique QR code on a customer's mobile phone, and electronically pay loose change at point of sale.From that point Koinage users have 3 options: - transfer directly to their checking/savings account or credit/debit/prepaid card- leave it securely within the Koinage app- transfer to other apps including Venmo, Cash App, Zelle, etc.Financial projections cannot be guaranteedCoinstar relies on the status quo and requires consumers who pay with cash to store coins at home until they are ready for redemption.Koinage eliminates that entire process and is less expensive for the consumer. Without being touched, saved, or stored physically, users can deposit loose change directly to their account of choice in real time.

## Team
- Chika Okere (Founder)
- Nnabike Okaro (Co-Founder/CTO)
- David Nickelsen (Head of Architecture & Security)