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Über Xago Technologies (Pty) Ltd

Xago Technologies was founded in 2016 by Jurgen Kuhnel, Sonya Kuhnel and Mark Chirnside to harness the power of mobile, retail networks and blockchain technology to play a crucial role in transforming the payment industry, particularly in Africa.

We provide innovative money movement that changes the way money flows, what it costs and how long it takes to reach a destination by bypassing traditional payment rails, providing secure, traceable and effective solutions to all elements of the financial ecosystem.

The Xago team continues to develop bespoke, highly secure, fast and fully compliant products and services including a payment gateway, trade exchange, fiat on- and off-ramps based on trading ZAR/XRP cryptocurrency on the XRP Ledger, minimising currency exchange fluctuation risk.

Xago Technologies (Pty) Ltd Roadmap

2018

Proof of Concept for Shoprite Checkers Group to prove cryptocurrencies can be used at Point of Sale.

October 2019

Xago launches XRP only gateway and exchange in South Africa.

September 2020

Xago ramps up executive team for exponential growth.

November 2020

Xago receives funding from Imvelo Ventures, a venture capital investment company founded by Capitec Bank and Empowerment Capital Investment Partners. Capitec Bank is one of the biggest banks in South Africa.

January 2021

Xago partners with Bitmama Exchange to send digital ZAR to over 10 African countries.

February 2021

Xago accepted into the Intergovernmental Fintech Work Group (IFWG) to work on crypto regulation in South Africa which includes participation from National Treasury, the Financial Intelligence Centre, the Financial Sector Conduct Authority, the National Credit Regulator, the South African Reserve Bank, the South African Revenue Service and the Competition Commission.

February 2021

Xago secures partnership with Forex Varsity, the leading forex educator in Africa.

March 2021

Xago partners with Paxful to connect with 5 million peer-to-peer crypto traders. BEQUANT partners with Xago to offer cross border trading facility to institutional investors based in Africa.

April 2021

Xago’s Trade Xchange is updated with new features and design for an enchanced client experience.

May 2021

Timeless Capital Technology chooses Xago as its partner to offer stable coins in various countries in Africa.

July 2021

Xago secures further funding from shareholders to continue its growth trajectory by expanding in all aspects of the business.

August 2021

African fintech innovators, Xago & NaijaCrypto, collaborate to deliver trusted money movement. Xago integrates with Bizzamm, to empower exponential growth in real-time legal compliance processes.

October 2021

The regulation of crypto assets in South Africa is anticipated to be sooner rather than later and Xago announces that it is FIRST to implement the management of crypto allowances. SABC News Interviews Mark Chirnside on the Future of Cryptocurrencies and the impending Regulation. Innovative UK payment services company, FintechCashier, chooses Xago as their preferred partner to expand their merchant payment ecosystem solution, Gateway Cashier, into Africa.

November 2021 – WORLD FIRST

Xago launches their mobile application which includes Neuromorphic Biometric Technology to authenticate and protect Clients.