Get up to 20% APY on local currencies and up to 7% APY on foreign currencies held within your Esca account.
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Get up to 20% APY on local currencies and up to 7% APY on foreign currencies held within your Esca account.
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We’ve made it really easy for any business to generate foreign currencies with no manual intervention required.
“As a global business, we need to offshore funds. Before this, we spent a lot of time and money accessing and sending FX cross-border. Esca has removed those barriers and made my job easier.”
Create named local and foreign currency accounts without setting up local entities in each jurisdiction. Accept local and international payments all in one place.
“We increased transaction volume by over 15% while creating our own USD account without needing to go to our bank.”
Mitigate the risk of local currency volatility by automatically storing your local currency revenue as a G3 currency while generating high yields on your local currency holdings.
“Before Esca, accessing foriegn currencies was difficult. They've helped me digitize my business while providing access to US dollars easily.”
“I appreciate the USD generation as it forms a part of savings for me, and after I was able to withdraw the USD to my local bank account I started referring my friends to Esca.”
Access our competitive exchange rates up to 3% below market, dictate your preferred rate using our limit orders, or utilise our forward rates to lower your costs when acquiring G7 currencies.
Frequently Asked Questions
What is Esca?
A currency management system designed to help businesses operating in volatile economies find revenue stability and grow their profits.
What do you mean by "automatically convert local currencies to foreign currencies"?
Esca’s technology provides local currency bank accounts that double as multi currency accounts. Based on your preferences, we can automatically convert your local currency payments into G3 currencies without your manual intervention. We call this process currency hedging.
What currency pairs does Esca provide?
As an Esca client, you have access to over thirteen G3 and G20 currency pairs. Most currencies are available via your Esca account, but if you require a pair that is not listed in your account, our customer support agent “Esca Bot” can connect you with our trading desk who in turn can provide you with access to more currency pairs.
What percentage of my revenue will be converted?
If you have an Esca POS (point of sale device), we convert 0.6% of your local currency revenue to USD by default. If you have an Esca virtual account, you can set your conversion preferences via your account. Conversion rates start at 10% and go up to 100%.
How do you generate interest?
For local currencies such as the Nigerian Naira, we utilise principal protected investment products such as Fixed Deposits and Pass Notes. For foreign currencies such as USD, we employ various decentralised finance techniques such as staking and market making to generate yield on your converted funds daily.
How long after each transaction do I get my funds?
Local currency to foreign currency conversions are done on the spot.
How do I withdraw my funds?
Local currency transfers and withdrawals can be done via your Account or Wallet. Foreign currency withdrawals are done via your wallet. Foreign currency withdrawals arrive within 24 hours of the withdrawal being placed.
Curious? Get in touch.