CEO and Founder Alex Wright has worked in FX and financial services at some of the largest global brokerages. The seed idea that produced Mbele was simple, why should local Kenyan and East African business not be able to tap into the same expertise that businesses are able to in London and Europe? Having lived and worked throughout Africa as the NGO and Travel & Tourism sector, Alex has a deep understanding of African culture and what makes it tick. These experiences have allowed him to create Mbele FX, a business that reflects his skills and experience in finance and Africa. Alex’s aim is to provide a service that will help unleash Africa’s enterprising intent.
About us
Mission statement
Mbele’s mission is to make the foreign exchange services industry more client focussed, and transparent, whilst providing a smooth, simple work-flow in what can be a complex process. We aim to provide our clients with the best of both worlds, the assurance of being backed by the City of London’s “Square Mile” balanced against a keen local knowledge of how our (clients)Kenyan and East African business do business. We aim to trade at the most optimal moments to mazimise returns for our clients. Mbele has a wider society purpose beyond a single transaction. Mbele aims to facilitate the growth ambitions of local business. Strapline line – “We help our customers view the global marketplace as an opportunity.”
Regulatory position
Supported by Fully FCA regulated financial services firm Central FX Authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 : Number 565847. Registered for Money Laundering Regulations and Money Services Business with Her Majesty’s Revenue and Customs : Number 12651660. All client funds are held in segregated accounts and managed under the FCA payment services regulations. Client funds are held with Barcalys bank in London. They are also in investor in the business (TBC) Mbele will also be regulated in Kenya as a money remitter but this hasn’t been gained yet.