African fintech startup Daya has secured $2.4 million in pre-seed funding to build a stablecoin-powered financial operating system for businesses navigating the continent’s complex cross-border payments landscape.
The round was led by Hivemind Capital, with participation from Lattice, Alliance, Globelink, and Aptos Foundation. It comes as stablecoin adoption accelerates across Africa, where volatile local currencies, slow correspondent banking rails, and high remittance fees continue to frustrate businesses moving money across borders.
Founded by Aleph Lasebikan and Paul Joe, Daya aims to provide companies with faster, transparent, and controllable payment infrastructure using stablecoins.
Read also: Konga CEO pushes stablecoins as Africa’s next trade infrastructure
Lasebikan, a former chief product officer at Helicarrier and Y Combinator alumnus, teams up with Joe, who previously held roles at Circle, Microsoft, and Helicarrier.
