Latest news with #currencyrisk
News24
22-07-2025
- Business
- News24
Forex for startups and SMEs: Expand globally without a treasury desk
For most South African startups and SMEs, Forex can feel like a distant problem, something only 'big corporates' with treasury teams need to worry about. But in today's global economy, that mindset can limit your growth. If you're importing and/or exporting, paying offshore service providers or eyeing international clients, you're already exposed to currency and its risk. The same applies to foreign loans, international equity deals, and dividend payments to offshore shareholders. If you're not actively managing this exposure, you're potentially leaving money on the table – or worse, putting your margins and cash flow at risk. In South Africa, the stakes are even higher. In addition to currency volatility, businesses must also navigate exchange control regulations – complex rules that govern how funds flow in and out of the country. Failing to comply can result in delays, penalties or blocked transactions, all of which can derail plans for international growth. A common scenario for startups A Cape Town-based tech startup recently landed its first international client in the UK. Excited and hopeful, they sent their first invoice and waited. Days turned to weeks. The payment was received by the bank, but the client was never notified. After numerous back-and-forth emails to the bank, the payment was finally located. However, the bank requested a long list of supporting documentation – unrelated to the actual payment – before it would be released. The founder – already stretched thinly across product, sales, and payroll – found himself buried in emails with his bank, unable to get straight answers. This isn't an isolated story. It's a reality for many South African SMEs navigating cross-border payments for the first time. You don't need to be a global business to feel the pressure of a global economy. Why small businesses are ignored – and why that's a problem Not all, but the majority of South African banks focus on big corporations. Who can blame them, right? That's where the money is. However, smaller businesses are often left with high fees, limited support and no clear road map for managing Forex. They're expected to figure it out on their own: opening accounts, sourcing invoices, navigating compliance, and trying to time currency movements with zero guidance. The result? Missed opportunities, poor exchange rates, payment delays and exchange control headaches, leading to unnecessary stress. Corporate-level Forex support for SMEs Sable International provides small and medium-sized enterprises with access to the kind of Forex tools and expertise typically reserved for large corporations. Their offering is designed to be both scalable and straightforward, making corporate-level support more accessible to smaller businesses. Helping you navigate Forex 1. Tailored onboarding and account setup Clients are guided through the process of opening a business Forex account with minimal administrative hassle. Each business is supported by a dedicated team that includes experienced Forex dealers, a back-office support unit, and specialists in exchange control. Their team is reliable, approachable and accountable. 2. Competitive rates with transparent pricing While Sable International doesn't position itself as a price-driven provider, they do offer competitive exchange rates without hidden spreads or unexpected charges. The emphasis is on transparency and consistency. 3. Practical risk management Their team assists businesses in understanding their currency exposure and developing straightforward strategies to manage risk and protect margins – without unnecessary jargon. 4. Simplified international payments The service facilitates fast, reliable international transactions, streamlining everything from supplier payments to incoming client receipts. 5. Experienced support tailored to SMEs Thanks to a strong understanding of the foreign exchange challenges facing South African businesses, Sable International offers hands-on support from professionals who focus on solving real-world problems, not just executing transactions. Global clients, local expertise Sable International supports a broad spectrum of early-stage and growth-oriented businesses that operate across borders or manage multi-currency transactions. Their clients typically include: Importers/exporters Tech startups paying overseas developers or collecting international revenue Agencies, creatives, and call centres billing offshore clients eCommerce brands sourcing stock or expanding to new markets Manufacturers buying machinery or raw materials from abroad Any business with international payment needs or exposure to foreign exchange risk can benefit from the firm's tailored support and expertise. The world is open for business, even for smaller South African companies. With the right support and access to appropriate tools, SMEs can confidently operate on a global scale. At Sable International, they specialise in helping South African businesses navigate the complexities of international payments, Forex risk and cross-border expansion without needing a treasury department or in-house expertise. saregistrations@ or give them a call on 021 657 2160. This article was written by Chris Lukan, Head of Forex Operations, at Sable International.
Finextra
08-07-2025
- Business
- Finextra
Okoora and DashDevs partner on embedded FX infrastructure for fintechs
The Okoora DashDevs partnership brings together a powerful embedded FX infrastructure that will help fintechs make cross-border payments easier. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This partnership combines Okoora's strong currency management skills with DashDevs' fintech development knowledge to make international transactions easier. The partnership brings together Okoora's FX360 engine, an AI-powered infrastructure layer for real-time FX risk management, liquidity routing, and cross-border execution with DashDevs' end-to-end fintech product development expertise. Together, they offer fintechs a faster, smarter path to launching globally scalable products with built-in currency risk protection. This Okoora DashDevs Partnership addresses a growing pain point for fintech startups and financial platforms of how to efficiently manage currency risk and cross-border payments at scale. Most either default to rigid bank rails, attempt costly internal builds, or delay implementation until FX becomes a business problem. DashDevs will integrate Okoora's FX360 modules directly into the fintech platforms it designs and builds for clients. Using Okoora's robust APIs, DashDevs' teams can embed real-time exposure monitoring, automated hedging, pay-in/pay-out services, and liquidity routing directly into transactional flows thereby removing the need for fintechs to build or maintain complex treasury infrastructure in-house. This Okoora DashDevs partnership reflects that there is a growing need for ready-to-use, scalable FX solutions in the growing embedded finance ecosystem. This joint approach eliminates this dilemma by delivering: Real-time FX intelligence natively integrated into core platforms Automated rate optimization and liquidity routing as a background process Full compliance and scalability, with no added operational burden 'Partnering with DashDevs makes embedded FX infrastructure invisible and indispensable,' said Okoora CEO Benjamin Avraham. 'Fintechs and financial service companies no longer need to choose between building complex FX systems or relying on rigid bank rails. Okoora delivers the FX360 engine as embedded intelligence, while DashDevs ensures it's deployed seamlessly within every product. The result is an invisible financial layer that neutralizes currency risk, accelerates time-to-market, and gives end clients institutional-grade control, but without the overhead. Together, we deliver velocity, precision, and scale.' Igor Tomych, CEO of DashDevs, added, 'Embedded finance is only as strong as the infrastructure behind it. DashDevs' partnership with Okoora accelerates the journey to embedded finance maturity by eliminating barriers like currency risk and cross-border payment complexity. By embedding Okoora's FX capabilities into the products we build, we enable fintechs to launch faster, scale smarter, and operate globally with confidence.' The Okoora DashDevs Partnership gives fintechs the tools they need to offer their users fast, efficient foreign exchange services by providing seamless Okoora embedded FX infrastructure.
Reuters
26-06-2025
- Business
- Reuters
Argentex unit accepts UK financial watchdog's restrictions post collapse
June 26 (Reuters) - Britain's Argentex (AGFX.L), opens new tab on Thursday said its unit has agreed to certain trading restrictions imposed by the UK's Financial Conduct Authority following the currency risk manager's collapse amid extended market volatility.
National Post
17-06-2025
- Business
- National Post
Corpay Cross-Border Extends Exclusive Partnership with West Ham United
Article content Article content TORONTO — Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into a multi-year agreement to extend their successful and exclusive collaboration with West Ham United as their Official Foreign Exchange (FX) and International Payments Partner. Article content Corpay Cross-Border has provided a range of corporate foreign exchange payments solutions for West Ham United since 2018. Under this multi-year extension, the London based Premier League club, along with their network of corporate business partners will continue to benefit from access to Corpay Cross-Border's innovative global payments and currency risk management solutions. Article content 'Over the course of the last seven seasons, we have had the privilege to act as the Official FX and International Payments Partner of West Ham United,' said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. 'Our team is honoured by the faith that the club's Finance and Partnership teams has in us and are incredibly excited about the renewal of our partnership. We look forward to the opportunity to continue to work alongside West Ham, and their broader corporate business partner network to help power their global payments and execute their plans to manage their currency risk for many years to come.' Article content Andy Mollett, Chief Financial Officer at West Ham United said: 'Corpay Cross-Border Solutions are an integral part of our global payment operation. This long-term partnership has delivered exceptional support and expertise for the Club and we look forward to working with them closely in the coming years to mitigate our FX exposure.' Article content Nathan Thompson, Executive Director, West Ham United, added: 'We are delighted to extend our partnership with Corpay Cross-Border Solutions, particularly during a crucial time for the Club as we continue to build our global reach. We have seen significant success in introducing Corpay's expertise to relevant businesses with FX exposure and within our wider Hammers Business Network, making them a critical part of West Ham United's international business offering. We look forward to continuing our successful collaboration in the years ahead.' Article content About Corpay Article content Corpay, Inc. (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay's suite of modern payment solutions help its customers better manage vehicle-related expenses (such as fueling and parking), travel expenses (e.g. hotel bookings) and payables (e.g. paying vendors). This results in our customers saving time and ultimately spending less. Corpay Cross-Border refers to a group of legal entities owned and operated by Corpay, Inc. Article content Article content Article content Article content Article content Contacts Article content Corpay Contact: Article content Article content Brad Loder Article content Article content Article content Article content Article content Article content West Ham United: Article content Article content Article content Article content
Reuters
09-06-2025
- Business
- Reuters
UK's Argentex rejects Lavide's investment proposal
June 9 (Reuters) - Argentex (AGFX.L), opens new tab said on Monday it had rejected an equity investment proposal from the Netherlands-based Lavide Holding NV ( opens new tab to obtain a 50% stake in the British currency risk manager for 2.5 million pounds ($3.39 million) and a potential provision of a 15 million pound credit line. The British company rejected the proposal, stating it neither covers the full share capital nor provides sufficient funding compared to an agreed deal with IFX Payments. ($1 = 0.7376 pounds)
