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A central counterparty and multilateral FX netting platform that provides PvP settlement for central banks, banks, custodians, and corporate treasuries in emerging markets.
Sika Financial Group Product Overview
Is Sika Financial Group Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- Central banks
- Commercial banks
What It Does Well
- PvP FX settlement
- Multilateral netting
Things to Check
- Nigeria Kenya Ethiopia coverage
- Supported EM currencies
About Sika Financial Group
Sika Financial Group is a central counterparty (CCP) FX settlement and multilateral netting financial market infrastructure for central banks and institutional participants that trade emerging market currencies.
Key capabilities include:
- CCP novation for FX trades, interposing as the buyer to every seller and the seller to every buyer to replace bilateral exposures with a single managed relationship
- Payment-versus-Payment (PvP) settlement finality, where both legs of an FX transaction settle simultaneously or neither settles, reducing principal risk by design
- Multilateral FX netting, calculating net positions across participants and targeting up to 80% gross-to-net reduction in settlement obligations
- Institution connectivity options via Order Desk (no integration required), a browser-based Web Platform for submission and monitoring, and API integration for straight-through processing with ISO 20022 messaging compatibility and a sandbox environment
Available via Web Platform, Order Desk, and API integration.
Target users include central banks, commercial banks, custodians, brokers, corporate treasuries, and other regulated institutional market participants.
Notable for emerging and frontier markets, the infrastructure focuses on currency pairs outside traditional PvP coverage, supporting 30+ emerging market currency pairs across Africa, the Middle East, Asia, and Latin America (including African currencies such as KES, NGN, GHS, ZAR, EGP, ETB). It also publishes governance and risk materials and states alignment with the CPMI-IOSCO Principles for Financial Market Infrastructures (PFMI), alongside operational resilience targets such as active-active infrastructure, RTO 2 hours, and RPO zero, with Africa operations referenced under No Objection Letters and/or local licensed partners in jurisdictions including Kenya, Nigeria, and Ethiopia.
Sika Financial Group Facts
Liners compiles product facts from official websites, app stores, documentation, trusted public sources, and details shared by product teams during editorial review. We also consider crowdsourced updates when they include verifiable evidence, and refresh facts as information changes. How we source dataOfficial Links
What it does
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Sika Financial Group Funding History
Liners compiles funding history from company announcements, investor records, and trusted reporting. We refresh it as new rounds are confirmed. How we source dataSika Financial Group has raised $2M across 1 recorded funding event. The latest was Seed in Jun 2026.
- Total Raised:
- $2M
- Latest Round:
- Seed
Sika Financial Group Investors & Funding Rounds
Frequently Asked Questions About Sika Financial Group
Sika Financial Group is a central counterparty FX settlement and multilateral netting platform for emerging market currencies that provides payment-versus-payment (PvP) settlement for institutional participants. It works by novating FX trades so Sika becomes the buyer to every seller and seller to every buyer, then applying multilateral netting and PvP so both legs of each trade settle simultaneously or not at all, reducing bilateral exposure and settlement risk.
Sika Financial Group is based in Nairobi, with Kenya as its anchor market. In Africa it operates in Kenya, Nigeria, and Ethiopia under regulatory no-objection letters and/or licensed local partners, and it supports 30+ emerging market currency pairs across Africa, the Middle East, Asia, and Latin America. It also has registered entities in the United States and Canada.
You typically need to engage with Sika as an institutional participant, for example via its Order Desk, Web Platform, or API integration, and onboarding is handled through a relationship-based and compliance-driven process rather than self-service sign-up. To begin, you can contact Sika through its published email addresses or corporate channels to discuss participation and onboarding requirements.
Sika does not list any native mobile apps for iOS or Android. Access is provided through a web platform, an order desk, and API integration.
Sika Financial Group is best suited for institutional users such as central banks, commercial banks, custodians, brokers, corporate treasuries, and other regulated financial market participants that trade emerging market currencies. It is not designed for individual consumers or retail FX users.
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