Checker Raises $8M for Stablecoin Payment Infrastructure Across Africa

Checker, a startup building stablecoin-powered payment infrastructure, recently raised $8 million in equity seed funding to expand across Africa, Asia, and Latin America. Galaxy Ventures, Al Mada Ventures, and Framework Ventures led the round, with participation from financial institutions across three continents and African tech leaders including Iyin Aboyeji (Flutterwave co-founder).

The funding comes as African regulators formalize rules for stablecoins and virtual assets. Kenya introduced its VASP framework in 2025, Ghana passed the VASP Act, and more markets are clarifying how digital asset businesses can operate. Checker is positioning itself as a trusted orchestration layer for regulated financial institutions.

Founded in 2025 by Jack Chong and team, Checker provides API infrastructure that allows banks, remittance providers, and neobanks to access global stablecoin liquidity through one integration instead of multiple providers. The company currently supports 75 currencies and African markets including Nigeria, Kenya, Tanzania, Ghana, and Francophone West Africa, processing $3 billion in volume.

Checker plans to use the funding to deepen global payment coverage, connect more markets, and build embedded borrowing/lending products and AI agents for treasury management. As African financial institutions begin exploring stablecoin-powered payments—like PAPSS's African Currency Marketplace and Flutterwave's Polygon partnership—Checker aims to become the backend rails for cross-border transactions across emerging markets.

Will this funding position Checker as the dominant infrastructure player for Africa's emerging stablecoin economy, or will established players like Conduit maintain their advantage?

SOURCE: https://techcabal.com/2026/05/20/checker-raises-8-million/