Daya raises $2.4 million to streamline cross-border payments for African businesses using stablecoin infrastructure.
Daya, a stablecoin-based payments platform for African businesses, has raised $2.4 million in pre-seed funding. The round was led by Hivemind Capital, with participation from Aptos Foundation and others, aiming to simplify cross-border transactions for importers, exporters, and treasury managers.
African businesses currently rely on fragmented systems, including local banks, FX desks, and manual processes, leading to slow settlements and opaque exchange rates. Daya consolidates these into a single dashboard, offering multi-currency virtual accounts and automated payment routing.
The platform supports USD, HKD, and CNY, along with APIs for embedded payment solutions. Founded by Nigerian entrepreneurs, Daya targets inefficiencies in Africa’s financial infrastructure for global trade.