NEW ERA FOR FINANCE
The ACE will be a platform based African local currency marketplace. Two major banks will provide background liquidity and centralised clearing services. The first 8 currency pairs will be NGN, GHS, TZS, KES, XAF, XOF, UGX, ZAR, all against USD, with seven more to follow after three months. African currencies against stable coins will also be added once it is clear how those will be regulated. The ACE provides transparency of price, access to liquidity and ease of use.
50 Years Of Undefeated Success
Our Vision is to be the leading force in Africa’s digital financial services, recognized for our authenticity, connectivity, and efficiency. We envision a continent where financial transactions and currency exchanges are seamlessly integrated into the fabric of everyday life, empowering individuals and businesses alike.
About Us
The African Currency Exchange (ACE) is a pioneering platform-based local currency exchange service dedicated to transforming the financial landscape across Africa. Our vision is to bridge a crucial gap in the region’s financial ecosystem by offering reliable, convenient, and cost-effective currency exchange services. We are committed to facilitating international trade, boosting investment, and supporting Africa’s economic growth.
ACE introduces a platform-based local currency exchange designed to empower Africa’s economy by facilitating smoother foreign exchange transactions at competitive fees. This initiative is born out of a deep understanding of the major hurdles businesses face, including liquidity, transparency, anonymity, and uniformity of regulation. By tackling these issues head-on, ACE aims to unlock Africa’s economic potential and foster growth within the continent.
Africa’s burgeoning economic potential is hindered by inadequate local currency exchange services, which impede international trade and foreign investment. The lack of convenient, cost-effective exchange solutions leads to the development of parallel markets and prevents companies from repatriating profits, ultimately stifling economic growth. Despite these challenges, Africa’s demographic trends and intra-continental trade initiatives like the ACFTA represent unprecedented opportunities for economic expansion and investment.
5000+
Successful Trades
50+
Years of experience with proud local knowledge
∞+
Happy Clients
600+
Colleagues & counting more daily
Why choose ACE?
Independence
The platform is not beholden to any one institution and the prices are dictated by the participants, not the clearing bank.
Anonymity
Client’s names are not revealed on the platform, only their price and volume. The clearing bank has agreed trading limits for each client.
Strong Local knowledge
Our platform will focus on African currencies and their nuances offering liquidity and market intelligence to allow our clients to make informed decisions.
Competitive Rates
Offering favourable exchange rates with transparent fees.
User-Friendly Platform
Ensuring ease of use for customers, the system knows the trading limits of each participant and deal confirmations will be sent automatically. Users can see the live bid-offer spreads and the volume in the prices.
Real-Time Updates
Providing real-time currency conversion rates.
Security and Compliance
Ensuring robust security measures and regulatory compliance.
Library of historical data
Foreign exchange rates are a treasure trove for economists, traders, and financial analysts. These historical rates serve as a compass, guiding decision-makers through the tides of global markets.
Price agnostic
The clearing bank will provide background liquidity, the tight pricing will be provided by the corporates themselves, meaning no pricing agenda.
Transforming Financial Transactions Across Africa
Our Values: The ACE Advantage
- Authenticity
- Connectedness
- Modern Technology
- Efficiency
Bridging Financial Gaps with Excellence
Our Solution
ACE offers a secure, user-friendly platform for businesses and institutions to exchange local currencies efficiently. With competitive exchange rates, access to a vast library of historical data, and analytics, ACE positions itself as a cornerstone for financial transactions in Africa. Hosted in Mauritius for optimal tax and compliance benefits, the platform is designed with the user’s needs in mind, ensuring a seamless exchange experience.
With central clearing provided by a major bank, ACE stands as a cutting-edge solution for currency exchange. The platform facilitates easy registration and onboarding through a KYC/AML portal, with the major bank handling central clearing for all currencies. ACE’s design, inspired by leading money brokers’ bond and interbank FX platforms, promises anonymity, competitive pricing, and advanced data protection.
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Frequently Asked Questions
ACE tackles several key challenges faced by businesses, including:
- Liquidity: Ensuring sufficient liquidity for smooth transactions.
- Transparency: Providing clear and transparent exchange processes.
- Anonymity: Offering anonymity to users.
- Uniformity of Regulation: Ensuring consistent regulatory standards across different currencies and markets.
- ACE relies on a major bank to provide central clearing services.
- The platform facilitates easy registration and onboarding through a KYC/AML portal.
- The major bank handles central bank clearing for all currencies traded on ACE.
- ACE positions itself as a cornerstone for financial transactions in Africa by providing a secure, user-friendly platform.
- It offers competitive exchange rates, access to historical data, and analytics.
- The platform is hosted in Mauritius, which provides optimal tax and compliance benefits.
Established by:
