Introducing Aboki — Providing currency exchange across Africa.

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Published in
2 min readJun 15, 2020

Today, we are unveiling Aboki, a platform that allows consumers to do forex exchange that’s instant and secure. We have been working hard during the past few months to be able to release Aboki, and we are pretty proud of it.

How We Got Here

The usual way to making a forex conversion involves physical contact with a third party or, long wait periods at a local Bureau De Change (BDC). The problems with third parties include inflated rates, limited active business hours, ubiquitousness, proximity and, the risk of being swindled if you unknowingly transact with wrong people.

Introducing Aboki

Aboki is a platform that offers an instant exchange service via the web and soon on mobile. In a few clicks, you can now exchange your USD to NGN and vice-versa. We will support other currencies as our expansion continues.

We also support domiciliary deposits, meaning our customers can buy foreign currency directly to their domiciliary accounts.

How it works

To begin, all you need is to create an account and complete our KYC to checkmate fraud. You pay NGN or USD into our designated local NGN or USD account through our multi-channel payment gateways. Our automated system-bullet pays the USD or NGN equivalent to the customer’s designated local NGN or USD account.

Why Aboki?

Aboki offers you the best buy and sell rates, and you get great value for your money. There are NO hidden charges on Aboki. Our conversion rates are updated on our website all through the day so you can see them. Our system enables retail FX buyers and sellers to make and receive payment immediately, securely and efficiently. Our product is convenient, safe, and users go through several highly effective authentication methods to ensure maximum security. Conversions are either through direct bank transfers or debit cards which is secured by Flutterwave.

What next?

At Aboki, our mission is to become the platform and infrastructure for anything forex. And to that, we’ll soon release an API that will enable companies to offer their customers forex instantly. We want to be the goto currency exchange service for Africa and beyond!

Getting started

Visit https://aboki.africa

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Editor for

Digital foreign accounts for Africans. Visit https://grey.co to get started.