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.
About The Forty under 40 Global Awards
The Forty under 40 Global Awards – identify, honour and celebrate international icons, an elite group of the world’s most influential and accomplished young business leaders under the age of 40. Drawn from a broad spectrum of industries, these individuals have demonstrated exceptional commitment to business growth, professional excellence, and community impact, having ascended the ranks of their organisations or sectors at a notably young age.
The first Forty under 40 Awards were held in 2017. Since then, they’ve been held in the United Kingdom, South Africa, and Ghana. The Global Awards are the umbrella body for all the other awards and are open to everyone:
To highlight specific projects and individual achievements that have distinguished these young leaders from their peers, showcasing their ability to deliver clear, compelling value, return on investment, and other measurable results.
To inspire and motivate the next generation, demonstrating that excellence and success can be attained early in life.
To honour and acknowledge 40 outstanding leaders who have made a profound personal and professional impact through their remarkable leadership.
