Afriex

Afriex is an international money transfer platform for individuals and businesses that need fast cross-border payments from the USA, UK, Canada, and parts of Europe to African countries and other corridors such as Pakistan.

Key capabilities include:

• International money transfers to multiple destinations, including Nigeria, Ghana, Cameroon, Kenya, Uganda, Ivory Coast, Egypt, and Pakistan, with real-time rates and zero to low fees (pricing varies by transaction)
• Global USD, GBP, and EUR accounts that let users receive payments like a local from employers, clients, and global platforms
• Virtual cards issued instantly for online shopping, subscriptions, and digital purchases funded from the in-app balance
• Rewards that give points on eligible transfers and spending, plus cash rewards for referrals

Available on Android and iOS.

It targets diaspora communities sending remittances home, expatriates managing multi-currency spending, and businesses handling cross-border payments without lengthy banking processes.

In the African market context, it stands out for its focus on rapid delivery (Afriex states 99% of transfers arrive in under 20 seconds) and its compliance posture, including PCI DSS compliance, FinCEN MSB registration (31000270188891), FINTRAC registration in Canada, and a Central Bank of Nigeria IMTO license.