Daya stablecoin payments has secured $2.4 million in pre-seed funding to accelerate its cross-border payment platform for African businesses. The Lagos-based fintech enables companies to access virtual US dollar accounts, instant international payments and payment cards using stablecoins. The investment highlights growing confidence in African stablecoin payments as businesses seek faster, cheaper alternatives to traditional banking for cross-border transactions.
Key Overview
- Daya raised $2.4 million in an oversubscribed pre-seed funding round.
- The round was led by Hivemind Capital with participation from Alliance, Lattice, Globelink and the Aptos Foundation.
- Daya provides stablecoin-powered cross-border payment services for African businesses.
- The company enables access to virtual USD accounts, global payments and payment cards.
- Daya partnered with HashKey MENA to build a Middle East–Africa payment corridor.
- The fintech reports more than 40% month-on-month growth during 2026.
- African cross-border payment fees still average between 5% and 10%.
- The funding supports continued expansion across Africa’s growing digital payments market.
Daya Stablecoin Payments Secure Fresh Funding for Expansion
The Daya stablecoin payments platform has raised $2.4 million in an oversubscribed pre-seed funding round as it seeks to improve cross-border payments for businesses operating across Africa. The Lagos-based fintech aims to reduce the high costs, slow settlement times and limited transparency that continue to affect international payments throughout the continent.
The investment, led by New York-based digital asset investment firm Hivemind Capital, reflects growing investor confidence in African stablecoin payments as blockchain technology increasingly moves from experimentation toward real commercial adoption.
Founded in 2025, Daya describes itself as the financial engine for African businesses, offering services that connect local companies with the global dollar economy through stablecoin-powered financial infrastructure.
Daya Funding Attracts Major Digital Asset Investors
The latest Daya funding round was led by Hivemind Capital, with additional participation from Alliance, Lattice, Globelink and the Aptos Foundation.
The investment follows an earlier $350,000 fundraising round completed through Alliance DAO in 2025, demonstrating rapid investor confidence in the company’s growth trajectory.
Within less than a year, Daya has progressed from its initial seed financing to securing an oversubscribed $2.4 million pre-seed round, supported by strong business growth and increasing demand for stablecoin-based payment services.
The company reports monthly growth exceeding 40% during 2026, positioning it among Africa’s rapidly expanding fintech startups.
Solving Africa’s Cross-Border Payment Challenges
Cross-border payments remain one of the biggest challenges facing African businesses.
Companies sending money across borders frequently encounter:
- Transaction fees between 5% and 10%
- Settlement periods lasting several days
- Limited visibility into payment status
- Restricted access to US dollar banking services
These inefficiencies create unnecessary costs for businesses engaged in international trade.
Daya addresses these challenges by allowing businesses to access virtual USD bank accounts, instant international transfers and payment cards powered by stablecoins.
The platform aims to simplify international business transactions while reducing reliance on expensive traditional correspondent banking networks.
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Stablecoins Support Faster Global Transactions
Unlike conventional international transfers, stablecoin-powered payment networks can settle transactions significantly faster while operating continuously across multiple jurisdictions.
Daya leverages blockchain infrastructure to enable businesses to move funds more efficiently between African markets and global trading partners.
Rather than focusing on cryptocurrency speculation, the company positions stablecoins as practical payment infrastructure that supports everyday commercial activity.
This approach reflects a broader shift across the fintech industry as businesses increasingly adopt blockchain technology to improve payment efficiency rather than simply facilitate digital asset trading.
Partnership Expands Middle East–Africa Payment Corridor
Earlier in June 2026, Daya strengthened its international expansion strategy through a partnership with HashKey MENA, a Dubai-based digital asset exchange regulated by the emirate’s Virtual Assets Regulatory Authority.
The collaboration establishes a pilot payment corridor connecting businesses across Africa and the Middle East using stablecoin infrastructure developed with support from the Aptos Foundation.
The partnership demonstrates how regulated blockchain infrastructure can facilitate faster regional trade while improving payment efficiency between two rapidly growing economic regions.
As more companies participate in digital commerce across international markets, demand for seamless payment infrastructure is expected to continue increasing.
Experienced Leadership Strengthens Business
Daya’s founding team brings extensive experience from Africa’s cryptocurrency and fintech sectors.
Co-founder Aleph Lasebikan previously served as co-founder and Chief Product Officer at Helicarrier, formerly known as Buycoins, one of Nigeria’s best-known cryptocurrency companies.
During his time there, he helped develop what the company describes as Nigeria’s first local-currency stablecoin.
This technical expertise provides Daya with a strong foundation as it develops financial infrastructure designed specifically for African businesses operating internationally.
African Stablecoin Payments Gain Momentum
The market for Nigeria stablecoin payments and broader African stablecoin payments has evolved rapidly over the past few years.
What was once viewed as an emerging concept has increasingly become a commercially viable payment solution.
Several fintech companies have demonstrated substantial transaction volumes using stablecoin infrastructure.
Industry data suggests:
- Juicyway reportedly processed approximately $1.3 billion in payment volume over three years.
- Conduit reportedly doubled its annualised payment volume from $5 billion to $10 billion.
These figures indicate that stablecoin-powered business payments are becoming an increasingly important component of Africa’s financial ecosystem.
Regulatory Environment Remains an Important Consideration
Despite strong market growth, regulation continues to represent one of the industry’s key challenges.
Stablecoin regulation remains uneven across African markets, with countries adopting different approaches toward digital assets and blockchain-based financial services.
Nigeria, where Daya is headquartered, has gradually shifted from earlier scepticism toward a more structured regulatory approach for digital assets.
While future regulatory developments could influence business operations, increasing dialogue between policymakers and industry participants has created greater optimism regarding the long-term outlook for blockchain-powered financial services.
As regulatory clarity improves, fintech firms may find it easier to scale payment solutions across multiple African jurisdictions.
Conclusion
The Daya stablecoin payments platform represents another important step in the evolution of Africa’s digital payments ecosystem. Backed by $2.4 million in fresh funding, the company aims to simplify international business payments by reducing costs, improving settlement speeds and expanding access to global financial infrastructure. As African stablecoin payments continue moving from early adoption toward mainstream commercial use, Daya’s growth reflects increasing investor confidence in blockchain-based payment solutions designed for businesses operating across the continent.
FAQs
1. What is Daya stablecoin payments?
Daya stablecoin payments is a Lagos-based fintech company that provides stablecoin-powered financial services for African businesses. The platform enables companies to open virtual US dollar accounts, send and receive international payments, and access payment cards that support cross-border business operations. Rather than focusing on cryptocurrency trading, Daya uses blockchain technology to improve payment efficiency and reduce the costs associated with traditional international banking.
2. How much funding has Daya raised?
Daya recently secured $2.4 million in an oversubscribed pre-seed funding round led by Hivemind Capital, with participation from Alliance, Lattice, Globelink and the Aptos Foundation. The company had previously raised $350,000 through Alliance DAO in 2025. The new investment will support product development, market expansion and continued growth as Daya scales its cross-border payment platform across Africa.
3. Why are stablecoin payments becoming popular in Africa?
Stablecoin payments are gaining popularity because they offer businesses a faster and often more affordable alternative to traditional international money transfers. Cross-border payments within Africa frequently involve high fees, lengthy settlement periods and limited transaction visibility. Stablecoins allow businesses to transfer value almost instantly while maintaining price stability through assets pegged to currencies such as the US dollar. As more companies engage in regional and international trade, blockchain-powered payment infrastructure is becoming increasingly attractive.
4. What challenges could affect Daya’s future growth?
Although the outlook for African stablecoin payments remains positive, regulatory developments continue to be one of the biggest factors influencing the sector. Different African countries are adopting digital asset regulations at varying speeds, creating a complex operating environment for fintech companies expanding across multiple jurisdictions. Competition within the stablecoin payment industry is also increasing as more companies enter the market. However, Daya’s experienced leadership team, strategic partnerships and strong early growth position the company well to benefit from the expanding demand for efficient cross-border payment solutions.
Sources: Kucoin, Tech Africa, The Saas News, Afridigest, Crypto Briefing
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