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What is Songhai Exchange?

Songhai Exchange (SHE) serves as a sophisticated cross-border payment platform that simplifies a range of payment options—such as bank transfers, cash pickups, mobile money, and bill payments—across various regions within Africa via a single interface. By facilitating the movement of funds from all over the globe into Africa and enabling transactions between African countries, SHE significantly boosts financial connectivity across the continent. The network is composed of banks, payment service providers, money service businesses, and a variety of partners spanning Africa, Europe, the Middle East, and the United States. As the leading and most cost-effective payment switch aimed at the African market, SHE reduces the costs linked to remittances by removing the necessity for payment aggregators, thus allowing organizations to connect directly with banks. Moreover, SHE offers payment service providers within its ecosystem crucial access to international money transfer operators and financial institutions, which enhances their operational efficiency. This platform represents a collaborative effort between FinCode and CSL Capital Limited, marking an important advancement in payment solutions for the region. With this innovative framework, SHE aspires to stimulate economic development by improving the efficiency and trustworthiness of financial transactions throughout Africa, ultimately contributing to a more interconnected financial landscape.

What is Remitz?

Remitz presents a flexible remittance software solution tailored for licensed money transfer operators, money services businesses, and fintech companies. The system includes a customizable customer portal along with a robust back office that optimizes transaction processes, manages exchange rates and fees, and provides specific functionalities for both iOS and Android devices. Operators can choose their preferred KYC, payment, and payout services, ensuring they satisfy the necessary compatibility and testing standards, while retaining oversight of regulatory compliance, customer fund management, and agreements with service providers. Beyond just offering software, Remitz extends implementation assistance and compliance frameworks that align with each operator's anti-money laundering (AML) and know your customer (KYC) protocols. The platform offers hosted plans that incorporate a web interface, whereas the Self-Hosted + Source Code option gives clients the ability to manage certain modules on their own servers. Additionally, the development, features, and publishing options of the mobile application will differ depending on the chosen plan and the implementation strategy, allowing operators to customize their offerings to effectively address their business requirements. This level of adaptability ensures that operators can stay ahead in a rapidly changing marketplace, making Remitz a strategic partner in their growth and success.

Media

Media

Integrations Supported

Integrations Supported

Onfido
Tranglo
Trulioo

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

ÂŁ299/month
SPI applicant environment is ÂŁ79/month with no setup fee and is non-operational. Starter is ÂŁ299/month plus a ÂŁ1,500 one-time setup fee and includes up to five corridors. Growth is ÂŁ799/month plus a ÂŁ2,000 one-time setup fee, with no software-plan corridor limit and mobile capability. Branded mobile app setup is ÂŁ1,500 one time. Enterprise and Self-Hosted + Source Code pricing is quoted. Provider fees and additional development are separate. Prices exclude VAT unless stated.

Supported Platforms

SaaS

Supported Platforms

SaaS
Android
iPhone
On-Prem

Customer Service / Support

Not specified

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Not specified

Training Options

Documentation Hub

Company Facts

Organization Name

Fincode Limited

Company Location

United States

Company Website

songhaiexchange.com

Company Facts

Organization Name

Kreativ Web Solutions

Date Founded

2020

Company Location

United Kingdom

Company Website

www.remitz.co.uk

Categories and Features

Cross-Border Payment

Not specified

Money Transfer

Not specified

Categories and Features

Money Transfer

Not specified

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