Peers Exchange

Peer to peer money transfer platform

Cameroon 0 jobs available

Financial

About Peers Exchange

PEers EXchange (PEEX) is an international peer-to-peer (P2P) currency exchange and payment platform. Our users, called PEEXers, are paired up strategically to help them avoid expensive fees from banks and other money transfer operators.

With 35 billion remittance transfers every year, the 30 million african migrant workers worldwide lose a total of $2.5 billion just to support their families back home. We primarily work in Africa, so for example, we will match someone sending USD to Cameroon with someone sending Central African CFA francs to America. PEEX is the first P2P exchange service in Africa. We allow our users to send money abroad and exchange at the mid-market rate. In many cases,

Peers Exchange can bring down these rates by 11 percentage points, meaning PEEXers only lose 1% of their payments instead of the typical 12% across Africa. A trial run was conducted through social networks in which the equivalent of $800,000 USD was exchanged in less than 1 year. This solidified the demand for a service like this.

Up next: A user beta test free of charge in Cameroon is ongoing using our mobile application . After the pilot, our official launch will be in Nigeria. Once we’ve established ourselves there, we will expand to Africa and worlwide

Founders & Key People

Yannick Kenga

CEO peers exchange

Co-founder of peers exchange

Funding Raised



No funding information added yet.

News & Press



No press / links added yet.

Year Founded

Not Specified

Company Size

Not Specified

Jobs Available

No Open Positions

Funding Raised

Not Specified

Email

ykenga @ peexit.com

Phone

+33621063819

Website

peexit.com

Socials

Peers Exchange is based in Cameroon

Peers Exchange is Actively

More Companies

OctaHosts

Web Hosting Solutions

MOBIPROX

Provides Tech guides for Androids and PC, Network unlocking and more.

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).