In a notable accolade for South African fintech, Harry Scherzer, CEO and co-founder of Future Forex, has been honoured with the prestigious “Forty Under 40 Global” in the Banking and Finance category – celebrating individuals under the age of 40 who have made notable contributions to the financial industry. The awards ceremony was held last week in Dubai, honouring rising leaders driving meaningful change across global industries.
Scherzer, a qualified actuary with a strong finance and risk management background, co-founded Future Forex to revolutionise the South African financial landscape. Future Forex was founded in 2020, launching with its flagship Arbitrage investment product (which continues to outperform traditional investments) before expanding into the international money transfer space. Today, it stands as the largest Arbitrage provider on the African continent and the largest Forex intermediary in South Africa, having processed over R48 billion in forex deals to date.
Under Scherzer’s leadership, Future Forex has introduced innovative solutions in the international money transfer industry, offering a client-centric, cost-effective and transparent approach that challenges traditional banking services.
The award in Dubai adds to a series of accolades for Scherzer and Future Forex, including recognition in the 2024 Mail & Guardian’s 200 Young South Africans, the Forty Under 40 South Africa awards and the BCX Digital Innovation awards.
Reflecting on the achievement, Scherzer expressed gratitude to the Future Forex team, now over 130 strong, and emphasised the company’s commitment to innovation and excellence in serving clients. “This international recognition is a testament to the transformational work our team is doing to help thousands of South Africans prosper,” he said.
As Future Forex continues to expand its services and push the boundaries of financial technology, Scherzer’s recognition on the global stage underscores the company’s role in the future of finance in South Africa and beyond.