Checker, a startup that provides infrastructure for stablecoin-powered payments, has raised $8 million in equity seed funding to expand its stablecoin-powered payment infrastructure across Africa, Asia, and Latin America.
Galaxy Ventures, Al Mada Ventures, the venture arm of Morocco’s royal family investment group, and Framework Ventures led the seed round, with participation from financial institutions across Africa, Asia, and Latin America, including DFS Lab, Bitso, Airtm, Onigiri Capital, SNZ Capital, and Velocity Capital.
The funding round also saw participation from operators in Africa’s tech ecosystem, including Iyin Aboyeji, co-founder of Flutterwave; Gwera Kiwana, former VP of Partnerships and Blockchain Payments at Onafriq; Justin Ziegler, co-founder of Juicyway; and unnamed investors from Stripe and Tala.
This fundraise comes as regulators across Africa begin formalising rules for stablecoins and virtual asset service providers (VASPs). In 2025, Kenya introduced its VASP framework and has since released 2026 draft regulations that operationalise the 2025 Act. Ghana’s Parliament also passed the VASP Act that established a formal legal and regulatory framework for virtual assets.
