OTC
Shillings to USDT. And back to your bank account.
Get paid in USDT by a client abroad, or pay a supplier who wants it. FinoQ connects your business to ramp partners such as Accrue, so you convert between KES and USDT in the account you already use for payments, with the rate shown before anything moves.
OTC is available to fully verified businesses.
How money moves
In from M-Pesa or the bank. Out to your bank account in Kenya.
Buy USDT
Enter the amount and see the rate and what you receive. Pay the shillings from M-Pesa or your bank to the details shown, then mark it paid.
Settled on confirmation
A verified agent confirms the shillings arrived before the USDT is credited. Nothing is credited on a promise.
Your own deposit address
Your account has its own USDT deposit address. Share it with a client, and incoming USDT is matched to your account.
Sell USDT
Convert to shillings and pay out to your bank account in Kenya or to M-Pesa, with the rate shown first.
Why OTC on FinoQ
Dollars when you need them, without the chat-group trader.
The usual way
- Bank wires abroad that take days, with the rate and fees found out afterwards.
- USDT bought from traders on chat groups, with nothing to fall back on if a payment is disputed.
- Trades over WhatsApp and personal M-Pesa lines that nobody can reconcile.
- Paid in USDT on Monday, salaries due in shillings on Friday.
On FinoQ
- The rate and what you receive are on screen before you commit.
- Shillings go to a verified agent, and the trade settles only once they are confirmed received.
- Every trade sits in the same account history as your collections and payouts.
- Shillings and USDT in one account, so you convert when you need to.
Pay in USDT
Pay a supplier who asks for USDT.
Send USDT straight to a supplier's address from the same account. The address is checked for the right format before anything moves, so a typo does not send the money into the void.
Straight to an address
Enter the supplier's address and network, check the amount, and approve with your PIN.
One history
Conversions and USDT payouts sit next to your M-Pesa, bank and paybill activity, so your accountant reads one record.
Verified once
Your business is verified with FinoQ once. Every trade is tied to that verified business.
Liquidity
Money ready on both sides, so trades do not get stuck.
An OTC trade is only as good as the money ready to settle it. We watch liquidity the way a treasury desk does, so the rate you were shown is the rate you get.
Positions in every currency
Where we are long or short in KES, USD and stablecoins, and what has to be bought or sold to rebalance.
Partner balances on the ledger
The money held at each partner is compared with what the ledger says should be there.
Low-balance alerts
Each partner float is checked every 15 minutes, and the team is alerted before a trade would be affected.
Reconciliation
Every onramp and offramp is matched against the partner's records, the same way your collections are.
Questions
OTC, answered.
What does OTC mean?
Over the counter. You buy or sell directly at an agreed rate, instead of placing orders on an exchange and watching the price move. You say how much you want to convert, see the rate, and it is done.
Which token and networks?
USDT, on the networks our ramp partner Accrue supports. Confirm the network your counterparty uses before you send or share an address.
How do I pay in shillings?
From your M-Pesa or your bank account, to the payment details shown for that trade. You mark it as paid, and the USDT is credited once the agent confirms the shillings arrived.
Where do the shillings go when I sell USDT?
To your bank account in Kenya or to M-Pesa, with the rate shown first.
Who can use it?
Fully verified businesses. You complete the full verification tier with FinoQ once, and do not sign up separately with each partner behind it.
Do my paybill and till change?
No. They stay yours and keep working as they do today. OTC sits next to them in the same account.
Convert between KES and USDT.
Tell us your volumes and the corridors you pay into, and we will turn on OTC for your verified business.