International money transfers have traditionally been characterised by hidden fees, poor transparency, and slow, expensive processes.
“The cost of such transfers can be misleading,” explains Harry Scherzer, the CEO of Future Forex, a Cape Town-based fintech firm. “We saw the opportunity to challenge traditional pricing for the service through leveraging economies of scale, white-glove service, and intuitive technology.”
The unique approach has been recognised in the industry: Future Forex was awarded Company of the Year at the 2025 Africa Career Summit, as well as BCX’s Best in Technology title last year.
Future Forex’s approach significantly changes the international money transfer market for individuals and SMEs by providing a transparent, seamless and cost-effective alternative. As Scherzer explains, “Banks generally disclose more visible costs, such as SWIFT fees (R500-R1 000) and other ‘admin’ or ‘commission’ charges. But their real profit comes from the difference between a currency’s buy and sell price.
“For instance, when sending R1 million to the US with a spot exchange rate of R18 to $1, a bank might offer a rate of R18.36 instead. An additional 36 cents per dollar might seem insignificant, but it will add up. In fact, in this example, the final cost would be approximately R20 000 (or 2% of the total transaction), excluding the SWIFT and other admin fees.”
Future Forex, on the other hand, reduces fees by up to 50% for individuals and 30% for businesses – all while providing pricing transparency and extensive professional support. “We know the frustration that bank customers often experience when having to deal with call centres or chatbots if they are trying to chase a forex payment or resolve an issue,” Scherzer says. “We remove that through pairing every client with a dedicated account manager to help navigate compliance, track transfers, and avoid common forex headaches. Clients can complete international money transfers through an online Future Forex account, while still having the option to work directly with their account manager whenever they prefer.”
Future Forex assists individuals with a wide range of other services relating to international transactions and investments at no additional cost, while offering a range of business forex solutions to South African SMEs.
“It’s our intention to allow clients to maximise the value of every international transaction they make,” Scherzer concludes. This is achieved through combining competitive pricing, personalised service, and a deep understanding of regulatory requirements. ●
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