Ovex offers an institution‑grade platform that consolidates wholesale foreign exchange, cross‑border payments, and crypto‑fiat on/off‑ramps for African markets. Through deep liquidity pools, transparent pricing and API‑driven real‑time settlement, it enables banks, corporates and fintechs to execute large‑volume trades, access local‑currency credit lines, and settle payments with minimal slippage.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial institutions, corporates, and fintechs operating in Africa face fragmented foreign exchange and cross‑border payment infrastructure, limited deep liquidity, and a lack of integrated digital‑asset services, leading to high costs, slow settlement, and operational complexity.
Solution
Ovex provides a unified, institution‑grade platform that delivers wholesale FX execution, rapid cross‑border payments, and digital‑asset on/off‑ramps across more than 25 African jurisdictions. The service offers deep liquidity pools, transparent pricing, and real‑time settlement via API, web portal, or WhatsApp, enabling clients to trade large volumes with zero slippage and access credit lines in local currencies. Integrated crypto‑fiat conversion and OTC desks extend the offering to digital‑asset markets, while regulatory licenses (FCA, FSCA, AMF, etc.) ensure compliance. Dedicated relationship managers and 24/7 support give institutions a high‑touch experience tailored to African market nuances.
Target Audience
Primary customers are banks, fintech platforms, corporate treasury departments, payment service providers, and high‑net‑worth clients requiring large‑scale FX, cross‑border payments, or digital‑asset liquidity in Africa.
Features
- Wholesale FX execution with pre‑agreed pricing, deep liquidity and tight spreads across 16+ currency pairs
- API, web dashboard, and WhatsApp trading interfaces for instant order placement and real‑time quotes
- Institutional credit lines in local African currencies with post‑trade settlement options
- Global cross‑border payment rails delivering rapid, low‑cost settlement for trade finance and payroll
- Integrated crypto‑fiat on/off‑ramps supporting 150+ digital assets and 16+ fiat currencies
- High‑volume OTC desk offering zero slippage, margin facilities, and bespoke trading support
- Dedicated relationship managers and 24/7 support channels, including WhatsApp groups
- Multi‑jurisdictional regulatory compliance (FCA, FSCA, AMF, etc.) across three continents