About Xylos
Xylos was formed to give the travel industry foreign exchange designed around how it operates.
Why Xylos was formed
Every year, the world's travellers send meaningful sums into South Africa, and the businesses who host them send meaningful sums back out. Most of it moves through channels never designed for travel: opaque rates, slow settlement, and paperwork left to the client.
Xylos is powered by Future Forex and holds an exclusive licence from Future Forex, the award-winning, SARB-approved foreign-exchange platform, for the travel, tourism and hospitality industry, covering every inflow and outflow between South Africa and the rest of the world. Xylos does not hold any financial services licences of its own. The venture was formed with a group of international travel-industry principals through its Mauritius-registered entity.
It combines a regulated cross-border payments platform with leadership drawn from the travel industry.
Leadership
Scholtz Fourie
Scholtz leads Xylos after nearly a decade as Group Chief Financial Officer of Tourvest, South Africa's foremost travel management group, which he joined in 2016. There he steered the group's finances through digital transformation, implementing a cloud ERP across the business without missing a reporting cycle and being instrumental in both spearheading and maturing Travel IT, Tourvest's proprietary booking technology, and through the industry's hardest years, repositioning the group as a travel technology company. He began his career at Omnia, rising from internal auditor to commercial director, including six years leading commercial operations from Mauritius. Few people alive have seen both the travel industry's money and its machinery this close up.
Adam Sack
Adam is Chief Commercial Officer for Forex at Future Forex, where he leads the commercial growth of the award-winning fintech's foreign-exchange business. As a Partner at Xylos, he brings deep experience in cross-border payments and client partnerships to the venture's relationships across the travel, tourism and hospitality industry.
How we work
Attention to detail
Purpose codes, clearances and settlement timing are checked on every transaction.
Transparency
One all-inclusive fee, quoted before you commit.
Discretion
Our clients' affairs are their own. Data is protected under POPIA, conversations are confidential, and each client has a named specialist.