Nigerian fintech Daya raises $2.4M pre-seed to expand stablecoin payments

Daya, a Nigerian startup building stablecoin-powered payment infrastructure for African businesses, has raised a $2.4 million pre-seed round led by New York-based Hivemind Capital, with participation from Lattice Fund, Alliance DAO, Aptos Foundation and Globelink Investment. Co-founder Tomiwa "Aleph" Lasebikan told TechCabal the round was oversubscribed and that the team is focused on building and shipping for users. The funding comes seven months after Daya emerged from the Alliance DAO ALL15 cohort and puts the startup alongside Africa-focused fintechs like Yellow Card and Juicyway betting that stablecoins can become a mainstream rail for cross-border business payments.

For African businesses, Daya's model lets them receive dollar payments through regulated banking partners, settle those funds in stablecoins, and then hold, make international payments or convert to local currency—all without routing through correspondent banks that often cause delays and high fees. The startup says stablecoin settlement globally reached about $28 trillion in 2025, much of it tied to payments and remittances. In June, Daya partnered with Aptos Foundation and Dubai-based HashKey MENA to pilot a stablecoin settlement corridor linking Africa and the Middle East, letting businesses transact in virtual USD, HKD or CNY accounts while receiving and paying out in local currencies. Daya reports over 40% month-on-month growth in 2026 and says a core group of businesses already uses its platform for cross-border payments and treasury management.

If you run an African firm that needs to move money across borders, will you explore stablecoin-based platforms like Daya to cut costs and speed settlements, or continue relying on traditional banking corridors?

SOURCE: https://techcabal.com/2026/06/24/daya-pre-seed-raise/