The FPESA platform also helps SMEs transfer money in form of any foreign currency USD, GBP, and EUR to or from any participating bank or mobile money account using an Forex Exchange rate they select.
The platform is one of the great innovations by The MarketWorks Limited, a Kenyan company specializing in the development of foreign currency exchange applications, primarily for emerging economies and the company behind FPESA has joined
Released in December 2016, the application is designed to streamline the foreign exchange transaction process, without disrupting the user’s existing accounting operations this is achieved by reducing the process of buying foreign exchange, executing single or bulk wire transfers, and reconciling accounts to a single, secure online operation.
Since its release the platform has converted over Ksh 150 million. FPESA also provides users with real-time quotes from participating banks and foreign exchange bureaus, so that they can select from the many exchange options the market has to offer.
Earlier this year, Village Capital and Paypal named FPESA among the 12 African Fintech companies that would take place in the first fintech accelerator program by the duo in Sub-Saharan Africa
FPESA now joins companies like Carlsberg, world’s leading brewer, Trama TecnoAmbiental (TTA), World’s largest solar providers, mdundo.com and Opera Software who are also part of Nairobi Garage business network.
Other companies that have joined us this month also include Cican, GSM Systems, Cloud9xp, Jambonet. These companies have joined both our Kilimani Office Space and Westlands Office space.
Want to join our growing business network? Book a tour today at any of o]’ur branches and check out our amazing packages!