Mombasa, Kenya · FX Research & Advisory
Most businesses paying or receiving in USD, EUR or GBP lose money silently — through bank spreads, poor timing, and no benchmark. Verity is researching this problem across East Africa, one conversation at a time.
The Problem
Every time a business converts foreign currency, the bank applies a spread — the difference between the mid-market rate and what they charge you. On a USD 50,000 transaction at a 2% spread, that is KES 130,000 gone silently.
Most finance managers compare their bank's rate against other banks. But other banks are also applying spreads. The correct benchmark is the mid-market rate — published daily by the Central Bank of Kenya.
Verity is documenting how businesses across Mombasa currently make FX decisions — and what it is costing them. We are in active research and we want to hear from you.
Who We Talk To
Our Research
Verity is conducting primary field research across Mombasa to document how businesses that handle foreign currency — tea exporters, importers, logistics companies, manufacturers — currently make FX decisions, and what those decisions are really costing them.
This information does not exist in any published form. We are building it directly from conversations with the finance managers and CFOs who manage FX on a daily basis.
How it works
A single conversation of 20 minutes with whoever handles your foreign currency payments — your Finance Manager, CFO, or equivalent. We ask about your current process and how rates are managed. No exact figures required. No account details requested.
All research is conducted directly by Brian Kiptoo, Founder of Verity, Mombasa.
What you receive
Based in Mombasa, Kenya. Brian founded Verity after observing how businesses across East Africa lose significant value on foreign currency transactions without realising it — and decided to understand the problem deeply before building any solution.
Contact
If your business pays or receives in foreign currency and you are open to a 20-minute research conversation, we want to hear from you. No pitch. No product. Just questions.