Kora Launches Student Endowment Fund at Covenant University

Kora, a leader in the financial technology sector, announced the establishment of an endowment fund to support students at Covenant University.

Dickson Nsofor, CEO of Kora, stated this in a statement.

He said that initiative aims to provide financial assistance to deserving students, ensuring they can complete their higher education without financial constraints.

The Kora Endowment Fund, which is ₦200 million over the next ten years, is an investment that emphasizes Kora’s dedication to empowering students and fostering educational excellence for the purpose of building a greater future at scale in Africa.

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The Fund is designed to create a lasting impact on Covenant University students by:

• Providing Financial Relief: Directly assisting students struggling to cover tuition fees.
• Increasing Access: Ensuring that more students can complete their education, regardless of their financial background.
• Fostering Long-Term Opportunities: Enabling students to develop into high-growth and valued talents in the workforce and business landscape.

Dickson Nsofor, CEO of Kora, said: “We are excited to make this endowment at Covenant University given that it reflects our commitment to empowering young people and fostering a future where education is accessible to those deserving, regardless of financial barriers. We believe investing in education is essential to unlocking opportunities for all as well as creating a brighter future.”

Kora is a pan-African payment infrastructure offering a robust payment API for pay-ins, payouts, conversion, and settlements across popular payment channels. Kora services enable global and local companies to scale rapidly across Africa with a single integration.