AZA Finance – Control your payments, FX, and Treasury in one place
AZA Finance is a financial technology company that provides treasury, foreign exchange (FX), and payments services to businesses in 115 countries, with a focus on frontier markets. The company was founded in 2013 by Elizabeth Rossiello and is headquartered in London.
Thank you for reading this post, don't forget to subscribe!AZA Finance’s services are designed to help businesses manage their finances more efficiently and effectively in frontier markets. The company’s treasury services include FX risk management, liquidity management, and cash management. Its FX services include spot FX, forward FX, and FX swaps. And its payments services include international payments, cross-border payments, and last-mile settlement.
What Services does AZA Finance offer?
- Foreign exchange: AZA Finance provides competitive rates and fast settlement times for foreign exchange transactions. They offer a wide range of currency pairs, including intra-African and digital currencies.
- Treasury services: AZA Finance can help businesses manage their foreign exchange risk and liquidity. They offer a variety of treasury services, such as hedging, forward contracts, and swaps.
- Payments & settlement: AZA Finance can streamline and automate payments and settlement across African and G20 currencies. This makes it easier than ever for businesses to pay vendors, suppliers, employees, and partners in 115 countries.
- Financial technology: AZA Finance offers a variety of financial technology solutions, such as API-based payments and white-label treasury platforms. These solutions can help businesses improve their efficiency and compliance.
In addition to these services, AZA Finance also offers a variety of value-added services, such as:
- 24/7 customer support: AZA Finance has a dedicated team of customer support representatives who are available 24/7 to help businesses with their foreign exchange, treasury, payments, and settlement needs.
- Compliance support: AZA Finance can help businesses comply with the regulations of the countries in which they operate. They have a team of experts who can provide guidance on AML, KYC, and other compliance requirements.
- Risk management: AZA Finance can help businesses manage their foreign exchange risk and liquidity risk. They have a team of experts who can develop customized solutions to meet the specific needs of each business.
AZA Finance is a leading provider of financial services to businesses that operate in frontier markets. They offer a wide range of services that can help businesses improve their efficiency, compliance, and risk management.
How can I register on AZA Finance?
- Go to the AZA Finance website and click on the “Sign Up” button.
- Enter your email address, password, and full name.
- Select your country of residence and currency.
- Click on the “Create Account” button.
- You will receive an email from AZA Finance with a verification code. Enter the code and click on the “Verify” button.
- You will be logged in to your AZA Finance account.
Here are some additional details about the registration process:
- You must be at least 18 years old to register for an AZA Finance account.
- You must provide a valid email address and password.
- You must select your country of residence and currency.
- You must verify your email address by entering the code that is sent to you.
Once you have registered for an AZA Finance account, you can start using their services to send and receive money, make payments, and manage your finances.
Here are some of the benefits of using AZA Finance:
- Global same-day settlement
- Best reliability and lowest cost of exchange
- Secure and compliant platform
- Easy to use interface
- 24/7 customer support
If you are looking for a reliable and affordable way to send and receive money internationally, AZA Finance is a great option. They offer a wide range of services and have a reputation for being a trustworthy and secure platform.
How can I make a cross-border transfer on AZA Finance?
- Create an account on the AZA Finance website.
- Verify your identity and account.
- Select the currency you want to send and the recipient’s country.
- Enter the recipient’s bank account details.
- Enter the amount you want to send.
- Review the transfer details and confirm the transaction.
AZA Finance will then process your transfer and it will typically reach the recipient’s account within 24 hours.
- Create an account on the AZA Finance website. Go to the AZA Finance website and click on the “Sign Up” button. Enter your email address, password, and full name. You will also need to provide your phone number and country of residence.
- Verify your identity and account. Once you have created your account, you will need to verify your identity. This process will involve uploading a copy of your government-issued ID and taking a selfie. You will also need to provide a utility bill or other proof of address.
- Select the currency you want to send and the recipient’s country. Once your account has been verified, you can start making cross-border transfers. On the AZA Finance website, click on the “Transfer Money” button. Select the currency you want to send and the recipient’s country.
- Enter the recipient’s bank account details. You will need to enter the recipient’s full name, bank name, bank account number, and SWIFT code.
- Enter the amount you want to send. Enter the amount of money you want to send in the local currency of the recipient’s country.
- Review the transfer details and confirm the transaction. Once you have entered all of the required information, review the transfer details carefully. Make sure that the currency, recipient’s details, and amount are correct. If everything is correct, click on the “Confirm” button to initiate the transfer.
AZA Finance will then process your transfer and it will typically reach the recipient’s account within 24 hours. You will receive an email confirmation with the tracking number for your transfer.
Here are some additional things to keep in mind when making a cross-border transfer on AZA Finance:
- There may be fees associated with cross-border transfers. These fees will vary depending on the currency you are sending, the recipient’s country, and the amount of money you are sending.
- The exchange rate used for your transfer may be different from the live exchange rate. This is because AZA Finance uses a mid-market exchange rate, which is the average of the buying and selling rates for a currency.
- There may be limits on the amount of money you can send in a single transfer. These limits will vary depending on your account type and the currency you are sending.
What is the exchange rate on AZA Finance?
The exchange rates on AZA Finance are constantly changing, so it is best to check the website for the latest rates. However, as of August 9, 2023 at 6:21 PM PST, the following exchange rates were available:
- 1 USD = 158.88 ZAR
- 1 EUR = 187.28 ZAR
- 1 GBP = 214.97 ZAR
- 1 CHF = 169.48 ZAR
- 1 CAD = 138.07 ZAR
- 1 AUD = 127.20 ZAR
These rates are for indicative purposes only and may not be accurate at the time of your transaction. Please always check the AZA Finance website for the latest rates before making a transfer.
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In addition to the exchange rates listed above, AZA Finance also offers a variety of other currency pairs, including:
- African currencies (e.g., NGN, KES, GHS)
- Asian currencies (e.g., CNY, INR, PHP)
- European currencies (e.g., EUR, GBP, CHF)
- North American currencies (e.g., USD, CAD, AUD)
- South American currencies (e.g., BRL, COP, PEN)
If you are looking to exchange a currency that is not listed above, you can contact AZA Finance’s customer support team for a quote.
What documents do I need to Register on AZA Finance?
- A valid government-issued ID, such as a passport or driver’s license.
- A recent utility bill or bank statement to verify your address.
- A business registration certificate, if you are registering as a business.
- A taxpayer identification number (TIN), if you are required to have one.
You will also need to provide some personal information, such as your name, email address, and phone number.
Once you have submitted your documents, AZA Finance will review them and will contact you if they need any additional information. If your documents are approved, you will be able to create an account and start using AZA Finance’s services.
Here are some additional details about the documents that you need to register on AZA Finance:
- Government-issued ID: Your ID must be a valid government-issued ID that shows your name, photo, and date of birth. Passports and driver’s licenses are both acceptable forms of ID.
- Utility bill or bank statement: Your utility bill or bank statement must be a recent document that shows your name and address. It must also be from a company that is located in the country where you are registering.
- Business registration certificate: If you are registering as a business, you will need to provide a copy of your business registration certificate. This document will show the name of your business, your business address, and your business registration number.
- Taxpayer identification number (TIN): If you are required to have a TIN, you will need to provide your TIN number. This number is used by the government to track your taxes.
Does AZA Finance have a mobile app?
No, AZA Finance does not have a mobile app. However, you can access their full services via their web platform and API solution.
The web platform is available at https://account.azafinance.com/. You can use this platform to make payments, manage your FX, and track your treasury.
The API solution is available for businesses that need to integrate AZA Finance into their own systems. This solution allows businesses to automate their payments and FX transactions.
AZA Finance has not yet released a mobile app, but they have said that they are considering it for the future.
In Conclusion:
AZA Finance offers both a user-friendly web platform and a flexible API solution for businesses. The web platform, accessible at https://account.azafinance.com/, provides a convenient way for users to make payments, manage their foreign exchange transactions, and keep track of their treasury activities. On the other hand, the API solution caters to businesses seeking seamless integration of AZA Finance into their existing systems, enabling them to automate payments and foreign exchange transactions. Although AZA Finance has not yet released a mobile app, they have expressed their consideration for developing one in the future.
