Alliance-Backed Fintech Daya Raises $2.4 Million to Build Stablecoin Payment Rails

Why It Matters

The capital infusion validates growing investor confidence in stablecoin‑based fintech solutions for Africa and could streamline costly, slow correspondent‑bank payments. By offering a unified treasury and settlement layer, Daya may unlock faster, cheaper international trade for African firms.

Key Takeaways

• Daya secured $2.4 million pre‑seed to scale stablecoin infrastructure
• Platform lets African firms receive USD, settle via stablecoins, convert locally
• Partnerships with Aptos Foundation and HashKey MENA open Africa‑Middle East corridor
• Month‑on‑month growth exceeds 40% as businesses adopt Daya’s treasury tools

Pulse Analysis

Stablecoins are moving beyond speculative trading into real‑world commerce, and Africa is emerging as a testing ground for this shift. Daya, founded in late 2025, leverages regulated banking partners alongside blockchain settlement to give African companies a seamless way to receive dollar‑denominated payments, hold value in stablecoins, and convert to local currencies. The $2.4 million pre‑seed round—oversubscribed and led by New York‑based Hivemind Capital—signals strong investor belief that such infrastructure can address the continent’s chronic cross‑border payment frictions.

The startup’s platform integrates virtual USD, HKD and CNY accounts, allowing firms to settle transactions on a blockchain rail while relying on traditional banks for fiat onboarding and withdrawals. Recent collaborations with the Aptos Foundation and Dubai‑based HashKey MENA create a pilot corridor linking African businesses with Middle‑East counterparts, reducing reliance on costly correspondent banks. By consolidating banking, foreign‑exchange, and crypto‑ramp processes into a single dashboard, Daya promises faster settlement times, greater transparency, and lower working‑capital drag for its users.

Investor enthusiasm mirrors a broader trend: stablecoin transaction volume hit roughly $28 trillion in 2025, according to Chainalysis, driven largely by payments and remittances. As regulatory frameworks evolve, fintechs like Daya that blend compliant fiat gateways with blockchain efficiency are positioned to capture a sizable share of Africa’s growing digital trade. Continued funding will likely expand payment corridors, deepen compliance capabilities, and attract more enterprises seeking a modern, cost‑effective alternative to legacy cross‑border systems.

Deal Summary

Nigerian fintech Daya announced a $2.4 million pre‑seed round led by Hivemind Capital, with participation from Lattice Fund, Alliance DAO, Aptos Foundation and Globelink Investment. The funding will be used to expand its stablecoin‑powered cross‑border payment infrastructure for African businesses.