Programme wallets
Every programme holds a funding wallet and a collection account, so bank money, anchor payments and supplier balances never mix.
Payments
The rail that actually moves the money.
SIRE is the settlement layer beneath every SokoStack facility. It holds programme wallets, converts currency at live rates, applies rail fees, routes disbursements to supplier accounts and clears buyer payments through the repayment waterfall.
- Rails
- RTGS · PesaLink · M-Pesa
- FX
- Live mid-market
- Settlement
- Same day
- Ledger
- Double entry
What you get
Live FX and fees
Conversions are quoted at live rates with the rail fee and net settlement amount shown before the instruction is released.
Repayment waterfall
Inbound anchor payments clear fees, discount and principal in order, then release any surplus to the supplier automatically.
Bank reconciliation
Signed inbound feeds from the bank match payments to programmes and facilities without manual reconciliation.
How it works
- 01
Fund
The bank funds the programme wallet for approved disbursements.
- 02
Convert
Cross-currency instructions are quoted at live rates with fees shown.
- 03
Route
Funds are sent over RTGS, PesaLink or M-Pesa to the supplier account.
- 04
Collect
The anchor pays into the programme collection account on due date.
- 05
Clear
The waterfall settles the facility and posts every leg to the ledger.
Pricing
Indicative pricing for the Kenya pilot. Final rates are set per programme by the funding bank and confirmed in your facility letter.
Domestic
Single-currency programme settlement
KES 90
per outbound instruction
- RTGS, PesaLink and M-Pesa
- Programme wallet and ledger
- Automatic waterfall clearing
- Daily reconciliation feed
Cross-border
Most usedMulti-currency anchor and supplier flows
0.35%
of converted value
- Live mid-market FX
- Transparent rate and fee quote
- Multi-currency wallets
- Same-day settlement
- Signed inbound bank feed
Bank rail
Bank-operated settlement at volume
Custom
tiered by monthly volume
- Volume-tiered pricing
- Dedicated collection accounts
- Direct core-banking integration
- Operational SLAs
Key terms
- Service
- Programme wallet, FX conversion and payment routing
- Rails
- RTGS, PesaLink and M-Pesa; SWIFT for cross-border on request
- FX rate
- Live mid-market rate at instruction time plus a stated margin
- FX margin
- 0.35% of converted value, quoted before release
- Domestic fee
- KES 90 per outbound instruction; inbound collections free
- Cut-off
- RTGS 15:30 EAT; PesaLink and M-Pesa settle continuously
- Reconciliation
- Signed inbound feed, matched to programme and facility automatically
- Ledger
- Double-entry postings for every movement, exportable per programme
Use cases
Disburses to dozens of suppliers per programme and reconciles anchor payments by hand each month.
Instructions route automatically and inbound payments match to facilities with no manual matching.
Pays Kenyan suppliers from a USD treasury account and loses visibility on the applied rate.
Sees the live rate, margin and net settlement amount before every release, with the ledger to match.
Cannot tell which payment cleared which invoice or how much surplus is owed.
Sees each settlement leg — fees, discount, principal and surplus — against the original invoice.
Questions
Does SIRE hold client money?
Funds sit in bank-held programme accounts. SIRE instructs and records movements; it is not a deposit taker.
Which rate is applied?
The live mid-market rate at instruction time plus a stated margin. Both are shown on the quote and stored on the ledger entry.
What if a payment cannot be matched?
It is held as unallocated in the programme collection account and flagged in the SIRE console for an operator to assign.
Ready to put SIRE Payments to work?
Onboard in a day and fund your first verified invoice this week.