Our platform connects your organisation directly to a pan-African network of banks and payout providers. By cutting out middlemen and empowering local banks to set cost-effective rates, Songhai Exchange saves you money and gives you complete transparency on pricing
With direct connectivity to local banks, payments can be made to beneficiaries at the lowest transfer rates available in the market today via manual or automated payouts through single API connectivity, totally eliminating the need for middlemen and reducing the total cost of remittance services
By partnering with local financial service providers, SHE supports a large number of cash collection points. Where you do not have a Cash Pick-up system in place, we will provide you with our platform at no cost.
By connecting to multiple mobile money operators, Songhai Exchange provides a cost-effective channel for paying into beneficiary mobile money accounts existing across countries in Africa. To find out more about our services, speak to a member of our team.
Currently live in Nigeria, Ghana, Zambia, Kenya, Uganda, and Tanzania the platform was built by FinCode, providers of financial services technology since 2003 and operates in partnership with CSL Capital UK Limited, a London-based member of FCMB Group Plc (the first indigenously owned banking group in Nigeria).
FinCode built the Songhai Exchange (SHE) to be one place to manage multiple digital and cash payments across Africa. CSL connects FinCode’s technology to a vast network of banks, mobile operators, and utilities providers across Africa, passing on economies of scale to SHE users.
The Songhai Exchange connects remittance providers directly to a pan-African network of banking and foreign exchange trading partners. By cutting out the middlemen, such as FX aggregators, and empowering local banks to set their own competitive rates, Songhai Exchange users benefit from savings and pricing transparency.
We provide a line of credit for our tier 1 remittance clients thereby paying local currency obligations before your funds arrive.