# Somali money transfer companies: directory > Somali money transfer companies: the Central Bank of Somalia's licensed firms, Somali-run firms licensed in Kenya and firms in the UK, with founding year, base and source. Source page: https://calankii.com/en/businesses/money-transfer-companies/ Last checked: 2026-11-12 Publisher: Calankii (https://calankii.com) ## About this list Somali money transfer companies, built on the older hawala system of trusted agents, carry most of the money that Somalis abroad send home. The Central Bank of Somalia licenses money transfer businesses and publishes their names ([Central Bank of Somalia, licensed money transfer](https://centralbank.gov.so/licensed-money-transfer/)). It counted 14 at the end of 2025 ([Central Bank of Somalia, Annual Report 2025](https://centralbank.gov.so/wp-content/uploads/2026/08/Annual-Report_2025.pdf)). Several of the same firms are licensed in Kenya ([Central Bank of Kenya, 30 September 2026](https://www.centralbank.go.ke/wp-content/uploads/2026/10/Directory-of-Licenced-Money-Remittance-Providers-as-at-September-30-2026.pdf)). A 2013 study for the UK government counted about 17 companies serving the UK–Somalia corridor ([Beechwood International, 2013, p. 35](https://assets.publishing.service.gov.uk/media/5a7c4e04ed915d3d0e87b799/SAFER_CORRIDORS_RAPID_ASSESSMENT__2013__SOMALIA___UK_BANKING.PDF)). The same firm may appear under slightly different names on different registers. ## The list | Company | Type | Founded | Head office | Owner or head, and status | Source | |---|---|---|---|---|---| | [Al-Barakat (Barakaat Group)](/en/businesses/al-barakat/) | Money transfer and telecoms | 1987 | Dubai | Ahmed Nur Ali Jim'ale; Shut 2001; delisted 2012 to 2020; relaunched | [Wikipedia](https://en.wikipedia.org/wiki/Al-Barakat) | | [Amaana Express](/en/economy/somali-business-in-the-uk/) | Money transfer | | United Kingdom | UK small payment institution in 2013 | [Beechwood 2013](https://assets.publishing.service.gov.uk/media/5a7c4e04ed915d3d0e87b799/SAFER_CORRIDORS_RAPID_ASSESSMENT__2013__SOMALIA___UK_BANKING.PDF) | | [Amal Express](/en/businesses/amal-group/) | Money transfer | | Garowe; group in Dubai | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | Amana Express | Money transfer | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | [Amoud Express](/en/economy/somali-business-in-the-uk/) | Money transfer | | United Kingdom | UK small payment institution in 2013 | [Beechwood 2013](https://assets.publishing.service.gov.uk/media/5a7c4e04ed915d3d0e87b799/SAFER_CORRIDORS_RAPID_ASSESSMENT__2013__SOMALIA___UK_BANKING.PDF) | | Asal Express | Money transfer | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | Bakaal Express | Money transfer | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | [Bakaal Worldwide Limited](/en/economy/somali-business-in-the-uk/) | Money transfer | | United Kingdom | UK small payment institution in 2013 | [Beechwood 2013](https://assets.publishing.service.gov.uk/media/5a7c4e04ed915d3d0e87b799/SAFER_CORRIDORS_RAPID_ASSESSMENT__2013__SOMALIA___UK_BANKING.PDF) | | [Dahabshiil](/en/businesses/dahabshiil/) | Money transfer | 1970s | Dubai; founded Burao | Mohamed Said Duale (founder); Abdirashid Duale (CEO); Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | Fundaza | Money transfer | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | Hibo | Money transfer | | Bosaso | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | Hodan | Money transfer | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | [Hodan Global Limited](/en/economy/somali-business-in-the-uk/) | Money transfer | | United Kingdom | UK small payment institution in 2013 | [Beechwood 2013](https://assets.publishing.service.gov.uk/media/5a7c4e04ed915d3d0e87b799/SAFER_CORRIDORS_RAPID_ASSESSMENT__2013__SOMALIA___UK_BANKING.PDF) | | [Horn Express Ltd (formerly Qaran Express)](/en/economy/somali-business-in-the-uk/) | Money transfer | | United Kingdom | Censured by the UK FCA in April 2013 | [Beechwood 2013](https://assets.publishing.service.gov.uk/media/5a7c4e04ed915d3d0e87b799/SAFER_CORRIDORS_RAPID_ASSESSMENT__2013__SOMALIA___UK_BANKING.PDF) | | [Iftin Express](/en/businesses/iftin-juba-express-and-taaj/) | Money transfer | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | [Juba Express](/en/businesses/iftin-juba-express-and-taaj/) | Money transfer | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | [Kaah Express](/en/businesses/kaah-express-and-kims/) | Money transfer | | Eastleigh, Nairobi (Kenya licence 2014) | Licensed by Central Bank of Kenya | [Central Bank of Kenya](https://www.centralbank.go.ke/wp-content/uploads/2026/10/Directory-of-Licenced-Money-Remittance-Providers-as-at-September-30-2026.pdf) | | [Ladan Express](/en/economy/somali-business-in-the-uk/) | Money transfer | | United Kingdom | UK small payment institution in 2013 | [Beechwood 2013](https://assets.publishing.service.gov.uk/media/5a7c4e04ed915d3d0e87b799/SAFER_CORRIDORS_RAPID_ASSESSMENT__2013__SOMALIA___UK_BANKING.PDF) | | [Medina Money Transfer](/en/economy/somali-business-in-the-uk/) | Money transfer | | United Kingdom | UK small payment institution in 2013 | [Beechwood 2013](https://assets.publishing.service.gov.uk/media/5a7c4e04ed915d3d0e87b799/SAFER_CORRIDORS_RAPID_ASSESSMENT__2013__SOMALIA___UK_BANKING.PDF) | | Naafic | Money transfer | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | [Oloompic Money Transfer](/en/economy/somali-business-in-the-uk/) | Money transfer | | United Kingdom | UK small payment institution in 2013 | [Beechwood 2013](https://assets.publishing.service.gov.uk/media/5a7c4e04ed915d3d0e87b799/SAFER_CORRIDORS_RAPID_ASSESSMENT__2013__SOMALIA___UK_BANKING.PDF) | | Quick | Money transfer | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | Rcash | Money transfer | | Garowe | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | Sahan | Money transfer | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | [Taaj Money Transfer](/en/businesses/iftin-juba-express-and-taaj/) | Money transfer | | Eastleigh, Nairobi (Kenya licence 2 October 2015) | Licensed by Central Bank of Kenya in 2016 and 2020 registers; not on the September 2026 register | [Central Bank of Kenya, 2016](https://www.centralbank.go.ke/wp-content/uploads/2016/06/Directory-of-Licenced-Money-Remittance-Providers.pdf); [September 2026](https://www.centralbank.go.ke/wp-content/uploads/2026/10/Directory-of-Licenced-Money-Remittance-Providers-as-at-September-30-2026.pdf) | | [Tawakal Express](/en/businesses/tawakal-express/) | Money transfer | | Garowe | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | TAYO | Money transfer | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | | [Towfiiq Express](/en/economy/somali-business-in-the-uk/) | Money transfer | | United Kingdom | UK small payment institution in 2013 | [Beechwood 2013](https://assets.publishing.service.gov.uk/media/5a7c4e04ed915d3d0e87b799/SAFER_CORRIDORS_RAPID_ASSESSMENT__2013__SOMALIA___UK_BANKING.PDF) | | [WorldRemit / Zepz](/en/businesses/worldremit/) | Money transfer (online) | 2010 | London | Ismail Ahmed (founder); Active | [Wikipedia](https://en.wikipedia.org/wiki/WorldRemit) | | Yiksi | Money transfer | | | Licensed by Central Bank of Somalia, Nov 2026 | [Central Bank of Somalia register](https://centralbank.gov.so/licensed-money-transfer/) | For how hawala works, see [Hawala and money transfer companies](/en/economy/hawala-and-money-transfer-companies/). For the size of the flows, see [Remittances in numbers](/en/economy/remittances-in-numbers/). For firms based in the UK, see [Somali businesses in the UK](/en/economy/somali-business-in-the-uk/). --- I want to help with this: email hello@calankii.com. Fix this page: email hello@calankii.com with the page link and your source.