Nigerian fintech startup Daya has secured $2.4 million in pre-seed funding to accelerate the expansion of its stablecoin-powered payment infrastructure and strengthen cross-border financial services for businesses operating across Africa.
The investment signals growing investor confidence in blockchain-backed financial infrastructure as African companies increasingly seek faster and more efficient alternatives for moving money internationally. The round was led by Hivemind Capital, with backing from Lattice Fund, Alliance DAO, Aptos Foundation, and Singapore-based Globelink Investment.
Founded in October 2025, Daya is positioning itself as a financial infrastructure provider focused on helping businesses receive international payments, manage treasury operations, and settle transactions using stablecoin technology. Brandspur Banking News Desk understands that the company intends to use the new capital to deepen market reach and strengthen operational capacity.
The startup’s model combines regulated banking partnerships with blockchain-enabled settlement systems, allowing businesses to receive funds through foreign currency accounts before converting, holding, or distributing value across different markets. The approach targets longstanding pain points around delays, foreign exchange inefficiencies, and high transaction costs associated with conventional international payment channels.
Daya’s latest funding comes shortly after completing participation in Alliance DAO’s accelerator programme and places the company among a new generation of African fintech firms developing alternative payment rails built around digital assets.
The company has also moved to strengthen international settlement capability through partnerships designed to connect African businesses with overseas markets. One of its recent initiatives includes collaboration with Aptos Foundation and crypto exchange HashKey MENA to test payment corridors linking Africa and the Middle East.
Through its infrastructure, businesses are expected to gain access to virtual foreign currency accounts denominated in United States dollars, Hong Kong dollars, and Chinese yuan while maintaining the ability to convert, store, and deploy liquidity through a unified platform.
The funding reflects broader momentum behind stablecoin adoption globally as digital assets increasingly move beyond trading activity into practical financial services including payments, treasury management, remittances, and international business operations.
Industry data referenced by blockchain analytics firms indicates that stablecoins processed significant global transaction volumes in 2025, reinforcing investor belief that digital settlement infrastructure may play a larger role in future financial systems.
For African businesses facing liquidity constraints and complex cross-border banking processes, stablecoin-enabled settlement models are emerging as a potential solution to reduce friction and improve transaction speed.
Daya said it intends to channel the fresh capital into expanding payment corridors, strengthening compliance frameworks, and increasing collaboration with domestic and international financial institutions as competition intensifies within Africa’s rapidly evolving fintech ecosystem.
The startup also reported sustained monthly growth during 2026 and indicated that businesses already rely on its platform for payment processing and treasury management functions.
The latest raise highlights continued investor appetite for African fintech innovation and reinforces expectations that infrastructure companies simplifying global commerce could become an increasingly important layer in the continent’s digital economy.
