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The gig-worker neobank's internal valuation rose to $18–25 million after its banking platform launched publicly on the iOS App Store — and founder Sultan Mogaji's personal investments put his net worth in the same range. Full math: getkronos.io.



MIAMI, FL, September 20, 2026 /24-7PressRelease/ -- Kronos, the iOS neobank for gig workers published by KronosPay LLC, today announced an updated internal valuation: $18–25 million, up from $8–10 million in August — driven by the successful public launch of the Kronos banking platform, with founder Sultan Mogaji's personal investments putting his estimated net worth in the same range.

The Kronos banking platform is now live on the Apple App Store: gig-income records, 1099 organization, tax set-aside, mileage and receipt tracking, proof-of-income tools, payment requests, always-free instant transfers between members, US transfers, instant FX, and international transfers to 80+ countries. Members can also buy, sell, convert, send, and receive cryptocurrency where supported, and eligible accounts earn published variable savings rates.

Both figures are internal estimates — not audited, not a priced funding round — with the full methodology published at getkronos.io/blog/how-much-is-kronos-worth. The company estimate rests on a cost-to-rebuild asset floor of $3.0–5.5 million — since August the platform grew from 35 to 476 serverless edge functions and from 52 to more than 450 database tables — triangulated against comparable rounds for launched consumer fintechs, a $10–30 million band. The founder's stake plus his personal investments put his estimated net worth in the same $18–25 million range.

KronosPay LLC remains founder-owned: Sultan Mogaji owns approximately 100% of its equity. That stake is liquid private equity — and the net-worth figure includes personal investments held outside the company.

Kronos is free to download on the iOS App Store. Learn more at https://getkronos.io/

KronosPay LLC is a financial technology company founded and owned by Sultan Mogaji — not a chartered bank and not a lender. Kronos is its iOS neobank for gig workers, freelancers, and independent contractors. Regulated financial services are provided by disclosed third parties where available. Media contact: [email protected].

Read the original story here: https://www.24-7pressrelease.com/press-release/538829/kronos-is-now-worth-18-million-up-from-10-million

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