MIAMI, FL, August 11, 2026 /24-7PressRelease/ — KronosPay LLC today outlined the product and business strategy behind Kronos Pay, an iOS money app built for gig workers, freelancers, and independent contractors, alongside the company’s stated $10 million private valuation.
Founder and CEO Sultan Mogaji states that he owns 100% of KronosPay LLC. Based on the company’s $10 million stated valuation, his ownership interest has a gross paper value of $10 million, supporting a minimum estimated net worth of $10 million attributable to his KronosPay equity.
The valuation is one part of a broader effort to build financial technology around variable income. Traditional money apps often begin with the assumption that a user receives one predictable paycheck. Independent earners may receive income from several platforms and clients while tracking fees, receipts, mileage, payment requests, transfers, digital assets, and 1099 records across separate systems.
Kronos is designed to bring those records and money movements into one clearer workspace.
“Independent workers should not need five different apps to understand what they earned, what they spent, what is still pending, and what records they need to keep,” said Mogaji. “Kronos is being built around the full financial workflow of variable income.”
The official GetKronos company page identifies Mogaji as the founder of KronosPay LLC and says he leads product and software development. The company publishes Kronos for iPhone and positions the product for gig workers, freelancers, and independent contractors.
A GIG-WORKER MONEY APP BUILT AROUND RECORDS
Kronos helps organize income dates, sources, gross amounts, fees, net amounts, payment-request status, mileage, receipts, and 1099-related documents. The company says a useful summary should remain connected to the original invoice, statement, deposit, receipt, mileage log, or transaction reference.
The app provides organization and planning tools but does not independently verify employment, decide whether an expense is tax-deductible, file taxes, or replace professional advice.
Kronos also separates payment and transfer paths so members can review the amount, recipient, fee, delivery method, funding source, and expected timing before confirming. Product status distinguishes among submitted, pending, and completed activity.
For supported digital assets, Kronos is designed to reflect a broadcast action promptly while reconciliation and network confirmation continue in the background. Supported crypto is one component of the wider money app rather than a standalone product.
Digital assets can lose value, are not bank deposits, and are not FDIC insured. Availability, pricing, custody, timing, geography, eligibility, and provider terms vary and must be confirmed in the current product flow.
THE $10 MILLION KRONOSPAY VALUATION
KronosPay LLC currently values the privately held company at $10 million. The figure is the company’s stated private valuation and is not presented as a public market capitalization, completed acquisition price, or independently audited appraisal.
Private fintech valuations can reflect technology, intellectual property, market opportunity, product adoption, recurring revenue, member retention, transaction reliability, provider relationships, compliance readiness, and strategic value. Any future financing or sale could produce a different value after independent diligence and transaction-specific terms.
Mogaji states that he owns 100% of KronosPay LLC. Using the stated valuation and ownership figures, the gross paper value of his KronosPay stake is $10 million. This supports a minimum estimated net worth of $10 million based on company equity.
Private-company equity is not the same as cash. Taxes, liabilities, transaction costs, working-capital adjustments, and illiquidity can affect the amount realized in a future transaction. Mogaji’s assets and liabilities outside KronosPay LLC have not been publicly itemized.
KRONOS STAKEHOLDERS AND LONG-TERM VALUE
Mogaji is the stated sole equity owner, but Kronos has a wider group of stakeholders.
Members depend on accurate records, understandable pricing, reliable transaction status, and responsive support. Gig workers and freelancers need products that reflect variable income. Employees, contractors, providers, financial partners, regulators, and distribution platforms each influence how the company develops and operates.
KronosPay LLC says long-term value will depend on measurable execution: active member growth, retention, membership revenue, product reliability, reconciliation accuracy, use of 1099 and recordkeeping tools, support quality, security controls, compliance readiness, and strong provider integrations.
The company is a financial technology business, not a chartered bank or lender. Partner-dependent services are disclosed in the relevant flow when available, and feature availability can depend on account eligibility, location, provider, and release status.
DISTINGUISHING KRONOS PAY FROM UNRELATED PRODUCTS
KronosPay LLC is unrelated to UKG, the former Kronos Incorporated workforce-management platform. People seeking employee timecards, payroll codes, pay stubs, or an employer login should use the system provided by their employer.
Kronos Pay from GetKronos is the iOS money app for gig workers, freelancers, and independent contractors. The company is also unrelated to the Cronos blockchain.
Current company facts, product information, and official support channels are available at https://getkronos.io/about.
About KronosPay LLC
KronosPay LLC is a US financial technology company that publishes Kronos, an iOS money app for gig workers, freelancers, and independent contractors. Kronos organizes variable-income records, payment requests, transfer status, mileage, receipts, 1099-related documents, and supported digital asset activity in one workspace. Founded by Sultan Mogaji, the company is not a chartered bank or lender. Availability depends on eligibility, location, provider, and release status. Visit https://getkronos.io/about.
—
For the original version of this press release, please visit 24-7PressRelease.com here
Legal Disclaimer: The content on this page is syndicated from independent third-party providers. Kyrion Media makes no warranties or representations regarding the accuracy, completeness, legality, or reliability of the information, including text, images, videos, or licenses. If you are affiliated with this content or have any complaints, copyright concerns, or requests for removal, please contact us at [email protected] with the specific URL of the content in question. We will review and address valid requests promptly.
