Africorp Treasury

What Africorp Treasury does

Africorp Treasury is a South African private financial services firm operating as an intermediary between clients and Authorised Dealers (primarily Investec Bank), focused on foreign exchange execution, exchange-control compliance, and cross-border fund transfers. The firm serves South African tax residents remitting funds offshore, South African expatriates abroad, foreign residents and temporary residents investing in South Africa, and both South African and foreign entities engaged in cross-border capital flows. Its core offerings are the Exclusive Forex Banking Solution (intermediated access to interbank liquidity for competitive conversion rates), Approval For International Transfer (facilitating the SARS AIT process for transfers including those exceeding R10 million), specialised Forex Accounts by tax-residency status (SA residents, ceased residents, residency recommencement, foreign residents, foreign entities, etc.), and SARB Compliance Services. The technical layer is a procedural and regulatory intermediary stack rather than a software platform; there is no proprietary FX trading engine, no public API, and no AI/ML components identified — value sits in regulatory expertise (SARB exchange control, SARS AIT, BOP process), client due diligence, and operational access to Authorised Dealer infrastructure via a formal intermediary agreement with Investec.

Africorp Treasury makes money principally through transaction-based agency fees: a fee of up to 1% over Investec's base rate on forex conversions, a R250 SWIFT transfer fee plus a R500 administrative fee on transfers under R50,000, and a tiered CCM administration fee of up to 0.58% inclusive of VAT applied monthly on the gross interest rate. Go-to-market is sales-led and referral-driven, delivered through three South African offices (Bryanston/Johannesburg HQ, Cape Town, George) and amplified by an integrated marketing partner relationship with Tax Consulting South Africa (the registered FSP) and a co-marketing arrangement with Henley & Partners via annual wealth-preservation roadshows. Customer mix is individual-tilted (all named testimonials are individuals), with HNW and emigrant/expat segments forming the strategic core. Pricing is quote-based and not publicly disclosed.

Name

Africorp Treasury

Legal name

Africorp Treasury

Website

https://africorptreasury.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Africorp Treasury is a South African intermediary arranging forex execution, exchange-control compliance, and cross-border fund transfers for SA residents, expats, foreign investors, and entities, operating via an Authorised Dealer agreement with Investec Bank.

Ownership category

akta.pro rank

Product category

Treasury and Foreign Exchange Intermediary Services

NAICS

Credit Intermediation and Related Activities (522)

SIC

Functions Related To Depository Banking, Nec (6099), Finance Services (6199)

akta.pro primary industry

Corporate Cash Management & Treasury Services (FSAMAOAA)

akta.pro secondary industries

Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Embedded FX & Cross-Border Treasury (FSAGALAG), Treasury Operations Support (Cash Management, Bank Reconciliations, Payments Ops) (BPAAAGAH), Treasury & Risk Management Solutions (FX/MM, hedging, TMS integration) (FSABAIAE)

Keywords

• Forex intermediary services
• Treasury outsourcing solutions
• International fund transfers
• Exchange control compliance
• Currency capital management

Headquarters

HQ city

Gauteng

HQ country

South Africa

HQ region

Africa

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Forex Transaction Agency Fees: Agency fee charged on forex transactions, up to 1% additional charge to base rate
2. SWIFT Transfer Fees: R250.00 SWIFT transfer fee plus R500.00 admin fee for transfers under R50,000
3. Currency Capital Management Administration: Administrative fee on CCM accounts, levied on a tiered basis up to 0.58% inclusive of VAT

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Africorp Treasury operates as an intermediary between clients and South African authorised dealers (primarily Investec Bank), delivering treasury outsource solutions for forex transactions. The company provides access to interbank liquidity for competitive currency conversion rates, manages the SARS Approval for International Transfer (AIT) process, opens foreign currency accounts (including USD) for clients who would otherwise not qualify, and ensures South African Reserve Bank exchange control compliance across all fund transfer activities.

Product overview

Africorp Treasury is a financial services company offering a unified Treasury Outsource Solution that acts as an intermediary with authorised dealers (Investec). The core offering is the Exclusive Forex Banking Solution, which provides access to interbank liquidity for competitive forex conversion rates. This is complemented by Approval For International Transfer services facilitating the SARS AIT process, specialized Forex Accounts for various tax residency statuses, and SARB Compliance services. The company does not operate a platform-plus-modules architecture but rather provides an integrated suite of related treasury and forex services.

Differentiator

Problem solved

Functional benefit

Products and services

• Exclusive Forex Banking Solution A treasury outsource solution in which Africorp acts as an intermediary with authorised dealers (Investec) to deliver large corporate-level forex benefits to pre-qualified clients. The offering provides access to interbank liquidity for competitive currency conversion rates and the ability to open accounts (including USD/currency retention) where clients would otherwise not qualify.
• Approval For International Transfer (AIT) A service that facilitates the SARS Approval for International Transfer (AIT) process, including tax compliance verification and SARB approval for amounts exceeding R10 million. Targeted at South African residents, emigrants, and entities needing to remit funds offshore above standard allowances.
• Forex Accounts for Tax Residency Status Specialised forex account solutions tailored to different tax residency categories including South African residents remitting funds offshore, South Africans abroad, financial emigrants, residency recommencement cases, foreign temporary residents, foreign residents, South African entities, and foreign entities. Each variant is configured to the applicable SARB and SARS requirements for that residency status.
• SARB Compliance Services Compliance services that ensure adherence to South African Reserve Bank exchange control regulations for all forex transactions and fund transfers, including documentation, BOP process verification, and ongoing regulatory positioning for clients across residency categories.

Quantifiable outcome

• Account opening completed in less than 24 hours
• +1 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Tax Consulting South AfricacoreStrategic or Co-development PartnerCG Botha t/a Tax Consulting South Africa (FSP: 38421) serves as the registered financial services provider and intermediary. The company provides the broader tax and financial emigration services ecosystem from which Africorp Treasury operates as the treasury/forex division.
• Henley & PartnersminorGTM or Marketing PartnerHenley & Partners, global leader in residence and citizenship by investment, collaborates with Africorp Treasury as a trusted partner. Africorp participates in Henley's annual South African roadshow as a Wealth Preservation Panel contributor, focusing on tax and legal planning for getting funds out of South Africa.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Smart Currency Exchange: UK FX broker specialising in property purchases abroad and emigrant transfers. Comparable to Africorp in targeting clients making large, regulated, one-off international transfers with high-touch service.
• OFX: Global forex and international payments specialist serving individuals and businesses with cross-border transfers. Comparable to Africorp in providing market-rate FX execution, but operates at much larger scale and across many corridors globally.
• TorFX: UK-based FX specialist focused on emigration-related transfers and personal international payments. Closely comparable to Africorp in serving emigrants, expats, and property buyers navigating regulated cross-border flows.
• Halo Financial: UK forex broker specialising in emigration, expat, and overseas property transfers. Directly comparable business model to Africorp's individual-focused FX intermediary service for regulated cross-border payments.
• Currency Solutions: UK-based FX specialist serving individuals and small businesses making international payments. Comparable transaction-fee revenue model and emigrant/expat customer focus to Africorp's intermediary offering.
• Sable International: South Africa-based financial services firm focused on emigration, tax residency, and offshore investment. Directly comparable to Africorp in serving the same South African emigrant and non-resident segments with bundled forex and tax services.

Regional players

• TreasuryONE: South African treasury and FX risk management firm serving corporates. Comparable to Africorp in operating in the SA treasury/cash management space but focused on corporate hedging and FX risk rather than individual emigration transfers.
• Caxton FX: FX and international payments provider with South African roots and global reach. Comparable in offering retail and SME cross-border transfers, though it operates a broader payments/remittance product set than Africorp's specialised offering.
• Bidvest Treasury Services: South African corporate treasury and FX services arm of Bidvest. Comparable to Africorp in providing treasury outsourcing and FX execution in South Africa, but operating primarily at large corporate scale.

Broad incumbents

• Revolut Business: Digital-first multi-currency and cross-border payments platform. Indirectly comparable to Africorp as a competing channel for simpler cross-border transfers; represents the digital commoditisation pressure on manual FX intermediaries.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/africorptreasury
• LinkedInlinkedin.com/company/africorp-treasury

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Africorp Treasury