Global Financial Connectivity: A Comprehensive Guide to Currency Swapping with Kaoshi

Kaoshi
4 min readFeb 22, 2024

It is no news that we are in an interconnected world and there is an increased need for seamless and reliable financial transactions which transcends borders. The importance of these services cannot be overstated, and that is why at Kaoshi, we optimize currency exchanges and swapping services by facilitating global financial connectivity. In a bid to bridge the gap between Africa and the global community, we specialize in providing tailored currency swapping solutions to meet the diverse needs of our customers. In this article, we will be guiding you through the main types of users at Kaoshi and the services we offer that attend to their needs.

  1. Empowering Posters: Facilitating Currency Swaps from Africa to the Diaspora

Our posters are our esteemed customers (individuals or businesses) based in Africa who are seeking to exchange their local currency for foreign currency or simply send money from Africa to the Diaspora. Posters on Kaoshi can send or swap money from Nigeria, Ghana, Kenya and South Africa to over 70 countries outside Africa.

Through the Kaoshi app, posters can easily specify the amount they wish to swap, set their exchange rates, and receive their desired currencies. We do this by enabling and connecting them via our secure platform to numerous individuals or businesses in the diaspora who wish to swap with them.

So let’s say Tunde from Nigeria wants to send dollars to Helen in the US, all Tunde needs to do is create a Kaoshi account, post his offer with his rate and when a matcher in the US who wants to send naira to Nigeria logs unto our platform on their account, they can view the offer, accept it, and the send the dollars to Helen while Tunde’s naira is sent to the matcher’s beneficiary in Nigeria. At the end of the day, everybody leaves with a smile on their faces.

2. Enabling Matchers: Matching Currency Swap Offers from the Diaspora to Africa

Yes, you guessed it. Just like our posters, our matchers are individuals or businesses located in the diaspora who are seeking to exchange foreign currency for Local African currencies or send foreign currency down to Africa. Our matchers can send or swap money from over 70 countries outside Africa to Nigeria, Ghana, Kenya and South Africa.

At Kaoshi, they can browse the app and match offers posted by the posters based on their preference of exchange rate and transaction requirements.

In this scenario, let’s say Mariam in the UK wants to send naira down to Ernest in Nigeria. All Mariam needs to do is log onto Kaoshi, create an account and view offers from posters in Nigeria, select the one that best suits her and send the pounds to Ernest in the UK while Ernest gets his naira equivalent from someone in Nigeria. This ensures swift and efficient currency exchange. Sending money from the Diaspora to Africa has never been easier. Kaoshi enables you in the most seamless way possible.

3. The Boutique Customers: Tailored Currency Swapping Solutions for Bulk Transactions

And then we have our boutique customers. These are a set of people who have bulk transactions to do therefore we facilitate transactions on their behalf. They consist of corporations, financial institutions, and high-volume traders with specialized currency swapping needs such as bulk Naira to Dollars (NGN to USD), bulk Naira to Pounds (NGN to GBP), bulk Naira to Euros (NGN to EUR) etc., who frequently need to send money across borders. We cater to our boutique users by offering personalized services including bulk currency swaps and transactions with discounted fees. We do this by working closely with them to optimize their currency exchanges and their exposure to market fluctuations.

Today, you can become a boutique customer at Kaoshi and reap all the benefits of being one. We welcome you!

At Kaoshi, we are committed to empowering individuals and businesses across Africa and the world with the tools and resources they need to access global financial markets and maximize their potential. Whether you’re a poster looking to initiate a currency swap, a matcher seeking to exchange foreign currency, or a boutique customer with specialized needs, we have the expertise and solutions to meet your requirements. Join us in connecting Africa to the world, and the world to Africa, and experience the convenience, reliability, and efficiency of currency swapping with Kaoshi.

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Kaoshi

We are a marketplace connecting Africans at home and abroad, to the financial services that enable them to meet their obligations, affordably and conveniently.