An international financial services and technology brand serving diaspora communities, individuals and families.
Hakach helps customers exchange currencies, transfer funds and access local payment services with convenience, speed and personal support. More than 90% of operations take place online, through technology owned by Hakach, alongside physical offices, agents and WhatsApp.
Company profile · PDF in English
Explore our history, services, international presence and vision for connecting communities through payments and trade.
Hakach began in 2020 through an agent partnership in Benin, initially serving the naira–CFA franc needs linking Cotonou and Lagos. It was formally established in Benin in October 2023.
The idea grew from the founder’s aunt struggling to purchase goods in Benin with naira, and traders carrying cash to exchange at the border. Hakach set out to make cross-border purchases feel as familiar as buying at home.
To make cross-border currency exchange and payments easier for individuals, families and diaspora communities, helping people meet everyday needs and participate in trade across African markets.
To build a strong, transparent and easy-to-use financial technology platform connecting African markets with one another and the wider world, enabling trade and bringing communities closer together.
Clear exchange rates, fees and payment information before confirmation.
Customer verification, transaction monitoring and attention to data protection.
Convenient services with English- and French-speaking support during business hours.
Hakach operates through locally registered companies, businesses and partner arrangements under a shared brand. Services depend on local authorizations and partnerships.
Onboarding includes verification of identity documents, selfies, addresses and source-of-funds information. Our controls include sanctions and politically exposed person screening, transaction monitoring and suspicious-activity review.
Customer funds are held through partner arrangements, separately from Hakach’s operating money. Responsibilities are assigned across compliance, legal affairs, operations and treasury.
In Benin, Hakach holds authorization for manual foreign-exchange activities. In Canada, HAKACH TRANSFERT LTD. is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider. These registrations and authorizations have distinct scopes.
Approximately 15 people, including directors and assistants, support technology, operations, compliance, legal affairs, treasury, customer experience and international cooperation.
Founder
Founder of Hakach, which he has developed since 2020. He holds a PhD from Pan African University, with an academic focus on African integration. His approach combines resilience, leadership and practical experience addressing everyday cross-border payment needs.
