FPESA®
We digitise the currently manual foreign exchange shopping process for SME's so they can consistently access hard currency at competitive exchange rates.
- Stage Full Product Ready
- Industry Financial Services
- Location Nairobi, Nairobi County, Kenya
- Currency USD
- Founded April 2015
- Employees 3
- Incorporation Type C-corp
- Website fpesa.co.ke
Company Summary
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.
Team
Advisors
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Sara OonUnconfirmed
Previous Investors
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Savannah FundUnconfirmed
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