We digitise the currently manual foreign exchange shopping process for SME's so they can consistently access hard currency at competitive exchange rates.
The market for foreign exchange in Kenya is $2B per month. The foreign exchange transaction process is slow, manual and paperwork intensive. The big banks have majority market share. FPESA® intends to capture 50% of this market in 18 months by digitizing the foreign exchange transaction process and delivering market share to smaller banks in exchange for a division of revenue.