Every year, Africans lose billions to poor exchange rates, opaque fees, and sluggish transfers. Small and medium enterprises trying to pay suppliers abroad, or individuals sending money to loved ones, face friction that has become normalised. A single transaction can attract up to 10 per cent in charges – and still take days to arrive.
For decades, Africa’s participation in global commerce has been constrained not by ambition or innovation, but by inefficiencies in the financial plumbing that connects the continent to the world.
At Glo Currency, that’s the problem being reimagined.
“We believe cross-border payments should be instant, transparent, and fairly priced – no matter where you’re sending from,” says the company’s leadership team.
The New Financial Rail
Glo Currency is a next-generation payments and foreign exchange platform that merges the reliability of traditional finance with the speed and inclusiveness of digital systems. Through its mobile and web platforms, users can:
Instantly exchange between major currencies and digital assets.
Access better-than-bank FX rates in real time.
Complete cross-border payments in minutes, not days.
Connect directly with regulated offshore banks, enhancing liquidity.
Operate under locally compliant licenses across multiple jurisdictions.
At the heart of Glo Currency’s innovation is a blended FX model — fusing digital liquidity with cash settlement to make transactions seamless and predictable.
The Market Shift
Africa’s cross-border payments market exceeds $150 billion annually, yet much of it still moves through outdated rails. The African Continental Free Trade Area (AfCFTA) has accelerated intra-African commerce, while a digital-native generation of entrepreneurs is demanding more efficient financial tools.
Add to this the record-high diaspora remittances, and the opportunity becomes clear:
Glo Currency is positioning itself as the bridge – connecting African businesses to the world, and the world back to Africa.
Building Traction
The company already manages over £2 million in weekly cash FX transactions, with a growing user base across its app and agent network. Its partnerships with regulated payment processors and banking institutions continue to expand its reach, while license applications are underway in new jurisdictions.
To date, Glo Currency has opened more than 1,000 multicurrency accounts for African businesses – a small but symbolic step toward rewriting how global money moves in and out of the continent.
Born of Necessity
The company’s origin story is quintessentially African – born from constraint, shaped by resilience. Faced with the high cost and complexity of cross-border payments, Glo Currency’s founders built what they couldn’t find: a secure, efficient route for African businesses to transact globally without middlemen or opacity.
“We’re not just building a product,” says a co-founder. “We’re building confidence – the belief that an African business can send or receive money as easily as anyone, anywhere.”
The Future of Inclusion
For Glo Currency, the mission extends beyond speed. The company is pursuing economic inclusion – ensuring that entrepreneurs, freelancers, and traders can operate on equal terms in the global economy.
Future offerings include card issuance, digital asset integration, and expansion into new markets – all built on a regulatory-first philosophy that treats compliance as a catalyst, not a constraint.
“Our long-term ambition,” the company says, “is to become Africa’s most trusted cross-border financial platform – where geography is no longer a penalty.”
