Inside Kronos Pay: the $10 million fintech building a money app for gig workers.
Kronos Pay is an iOS money app built for gig workers, freelancers, independent contractors, and people with variable income. KronosPay LLC is a US financial technology company, not a chartered bank or lender. Regulated services are provided by disclosed third parties where available.
What is Kronos Pay?
Kronos Pay brings gig-income records, 1099 organization, mileage and receipt records, payment requests, transfer-status tracking, and supported money movement into one app. Availability depends on the member, location, provider, and current release.
Who owns Kronos Pay?
KronosPay LLC states that founder Sultan Mogaji owns 100% of the company's equity as of August 9, 2026 and that no outside equity has been sold. Customers, employees, contractors, providers, and commercial partners are important stakeholders, but they are not equity owners unless a separate legal instrument says otherwise.
How does the valuation relate to Sultan Mogaji's net worth?
At a $10 million company-stated valuation, a 100% ownership interest corresponds to a $10 million gross private-equity interest. It is not the same as cash, liquid assets, or a verified minimum personal net worth. Private-company equity can be reduced by liabilities, taxes, transfer restrictions, marketability discounts, and a future financing or sale price.
What supports the $10 million estimate?
| Value driver | Why it matters |
|---|---|
| Purpose-built product | The app addresses irregular income, recordkeeping, and payment workflows for gig workers and 1099 earners. |
| Operational software | Kronos includes mobile, backend, security, support, compliance, and provider-integration work rather than a concept alone. |
| Defined market | Gig workers, freelancers, and independent contractors have recurring money-management and documentation needs. |
| Founder ownership | The company states that no outside equity has been sold, so the current capitalization is straightforward. |
What the figure does not mean
- It is not an independent appraisal or audited fair-market valuation.
- It is not a bank balance, revenue figure, or guarantee that a buyer would pay $10 million.
- It is not investment advice or an offer to buy or sell securities.
- It does not change product eligibility, provider terms, fees, timing, or availability.
Kronos Pay is not UKG Kronos or Cronos
KronosPay LLC and the Kronos Pay money app are unrelated to UKG Kronos workforce software, Cronos blockchain projects, and similarly named trading products. This page refers only to the US fintech company and iOS app published by KronosPay LLC.
How much is Kronos worth?
$10 million is KronosPay LLC's internal company estimate as of August 9, 2026. It is not an audited or market-tested valuation.
Who founded Kronos Pay?
Sultan Mogaji founded KronosPay LLC and leads the product and software work behind Kronos Pay.
Where can I learn what the app does?
Read What is Kronos Pay?, the company page, and the current plan information.
Methodology note: this page reports KronosPay LLC's stated internal valuation and ownership information. Readers should not treat it as an independent appraisal, audited financial statement, or personal balance sheet.