Africa's next financial institution — built on rails that already exist.
Finex Africa is an integrated, licensed financial services platform launching a digital-first, agri-focused bank in South Africa — built on proven FX, payments, remittance and treasury rails, not a greenfield concept.
R1.475bn ($84–95m)
Raise
~24 months
Licensing horizon
$320T by 2032
Cross-border TAM
Asset-light, data-driven
Model
The thesis
Four reasons this infrastructure can scale.
A licensed operating stack, a structurally underserved market, compounding data and a deliberate regulatory path converge at the same moment.
Rails already built
FX, payments, remittance, card issuing and treasury already run under live licences. Finex is the integration layer, not a greenfield bet.
A market hiding in plain sight
Cross-border payments compound toward $320T by 2032, while underserved commercial sectors still lack fit-for-purpose financial infrastructure.
Asset-light & data-driven
Every transaction compounds a proprietary inclusion and credit moat with an asset-light operating model.
A clear regulatory path
A regulator-aligned route expands the permissions available to a group that already holds the underlying operating licences.
The opportunity
A massive market, structurally underserved.
Cross-border payments and remittances are compounding fast, while commercial value chains remain underserved by connected financial infrastructure.
Cross-border payments TAM
$320T by 2032
From $194.6T in 2024 · global cross-border payment flows
$3.1T
Consumer (C2C) remittances by 2032
from ~$2T today
R1m–R15m
Turnover of the emerging commercial farmer
bankable but underserved by 2028
The model
An asset-light, data-driven platform on rails that already exist.
Finex is not a greenfield concept. The licensed entities below already run FX, payments, remittance, card issuing and treasury. The integration layer connects them into one scalable proposition.
iMali Express
Forex & cross-border remittances
SARB Cat 2 ADLA (Cat 4 WIP)
PayInc (Bankserv) RTGS participant for TCIB
Finex Money
Digital wallet, card issuing & payroll
Mastercard principal
BIN sponsor: Bank Zero
TPPP (FNB)
NCR registered
Finex SA Treasury
Treasury, FX risk & international payments
FSCA FSP No. 45242
SARB FX intermediary (auth. 2264)
Cat 1
SARB registered TOC
Finex Technologies
API infrastructure & onboarding
PayInc (Bankserv) TCIB integrator
Finex Pay
Supplier payments
Global payments partner
Finex Global
Commodities & brokerage
SARB registered TOC
The raise
Capital required: R1.475bn ($84–95m).
A disciplined, regulator-aligned use of funds. R500m is held as SARB regulatory capital — a requirement, not a spend. Hover the ring to explore each allocation.
Total raise
R1.475bn
R1.475bn
$84–95m total · at USD:ZAR R15.5 / R17.5
Permanence of capital
Partners with a 7–10 year horizon, able to support future capital calls as the bank scales.
Institutional credibility
Regulated and development-oriented investors who strengthen governance and regulatory confidence.
Sector alignment without dominance
Agri strategics as minority partners for distribution and insight — without compromising independent credit decisions.
Capital flexibility
Unallocated equity reserved for future strategic investors and regulatory capital needs.
The pathway
A clear regulatory route over roughly ~24 months.
The SARB Prudential Authority and FSCA process spans 18–36 months. We are progressing it deliberately, on rails that already hold the underlying licences.
Pre-application consultation
1–3 monthsPrudential Authority · Concept viability, early guidance
Application preparation
VariesApplicant · Compiling detailed documentation
Authorisation to establish
6–12 monthsPrudential Authority · Prudential assessment
Final banking licence
6–9 monthsPA + FSCA · Prudential + market-conduct approval
See it work
A real product and a loop that compounds the data moat.
Explore the live worker app, then watch how everyday money becomes a proprietary inclusion and credit engine.
The lending data loop
One season, one closed money loop.
Watch money move from payroll to spend to inputs to harvest to settlement — and how every step compounds into financial inclusion and a proprietary data moat.
Press Play full season, or tap any stage to step through the loop manually.
Finex data engine
Every transaction becomes a credit + inclusion signal.
1 840
Data points captured
142
Workers banked
Loop outcomes
Closed-loop spend and self-liquidating credit.
Illustrative demonstration model · figures reset with the simulator
Let's talk
To become a trusted financial infrastructure layer for Africa's connected economies.
We're assembling a small group of anchor and strategic partners for this round. If the thesis resonates, the next step is a conversation.
The shift to digital, cross-border money is happening today.
Capital deployed now compounds first — on a licensed stack that is already live.