Spark Centre Client, Kavodax, is Taking the Fintech World by Storm!

Founded by Gharsanay Amin, Spark centre client Kavodax is building a blockchain-enabled cross-border payments platform designed to make global transactions faster, more transparent, and more accessible for businesses.

Click here to read how Kavodax Is Redefining Cross-Border Payments for Canadian Businesses.

Traditional international payments can take 3–5 days to settle and often come with hidden fees and unpredictable foreign exchange spreads.

Kavodax addresses this challenge by leveraging stablecoins and blockchain infrastructure to enable payments that settle in minutes, with transparent pricing, real-time tracking, and secure, auditable records.

Their platform supports businesses in managing international payroll, vendor payments, and global trade transactions through a streamlined system.

"Gharsa is an inspiration to every founder grinding right now. Her courage is contagious, her work ethic is legendary, and the total commitment she brings to being part of Spark centre's value-added programming is unmatched. Congratulations!" - Martin J. Yuill, Executive Director, Spark Centre

In December 2025, Kavodax joined Spark Centre’s “Landing Pad Accelerator Program (LPAP)”. Kavodax benefitted from significant one-on-one advisory and coaching sessions, were helped with their pitch preparation, and received support for their go-to-market, hiring, and financial planning strategies. Read Gharsa’s feedback on our LPAP program here!

Now preparing to onboard its first cohort of early-adopter business clients, Kavodax is entering a critical stage of real-world validation.

Along the way, Kavodax has been pitching at several startup competitions. Gharsa has secured over $150,000 in funding, including $50,000 through Nventure’s DELIA Program. The company has also secured important non-dilutive funding from Ontario Centre of Innovation (OCI) and Intellectual Property Ontario (IPON), as well as cloud infrastructure credits from OVHcloud.

Kavodax is gaining recognition across the startup ecosystem – winning CodeLaunch Canada 2025, being named one of the Top 10 Women to Watch (2026) among the Spark Centre ecosystem, and earning a nomination for the RBC Canadian Women Entrepreneur Awards. Congratulations, Gharsa!

By completing Spark Centre’s LPAP program at the end of March, Kavodax added another $10,000 in non-dilutive funding to its growing portfolio.

Spark Centre is proud to support Kavodax as they onboard their first business clients and continue building a faster, more efficient global payment infrastructure.

Well done to the Kavodax team as they continue to build momentum!

To learn more about Kavodax and discover how the company is transforming cross-border payments for Canadian businesses, visit kavodax.com.

Spark centre’s Landing-Pad Accelerator Program (LPAP) for Newcomer and Female Entrepreneurs in the Energy, Environment, and Engineering (EN3) sectors — supported by the Federal Economic Development Agency for Southern Ontario, in partnership with Spark Centre, Launch Lab and the PARO Centre for Women’s Enterprise Canada — is an initiative designed to support newcomer and female-founded startups in eastern Ontario with $10,000 in non-dilutive grant funding.

It is not simply an accelerator program, it is a structured pathway to capital, credibility, and growth.

Click here to learn more about the Landing Pad Accelerator Program and find out if you qualify. Applications for the next cohort are now open!

About Spark Centre

Spark Centre is a regional innovation center dedicated to supporting entrepreneurs and startups in the Durham Region. Through mentorship, resources, and strategic partnerships, Spark Centre empowers businesses to grow sustainably and contribute to the economic development of the region.

Spark Centre Client, Kavodax, is Taking the Fintech World by Storm!

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