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Daya, a Nigerian startup building stablecoin-powered payment infrastructure for African businesses, has raised a $2.4 million pre-seed round. The company said the funding will help it expand its cross-border payments network and deepen its stablecoin-based financial services.
Hivemind Capital led the round, with participation from Lattice Fund, Alliance DAO, Aptos Foundation and Globelink Investment. Daya said the round was oversubscribed and comes seven months after it emerged from the Alliance DAO ALL15 cohort.
Founded in October 2025 by Tomiwa “Aleph” Lasebikan and Paul Joe, Daya helps businesses receive dollar payments, settle transactions using stablecoins and move funds across borders through regulated banking partners and blockchain-based settlement infrastructure. The company says its model is designed to reduce the delays and costs that often affect international payments.
The startup’s platform allows businesses to receive payments through dollar-denominated accounts provided by banking partners, settle those funds in stablecoins and either hold them, send international payments or convert them into local currency. Daya also offers virtual USD, Hong Kong dollar and Chinese yuan accounts, along with tools for treasury management.
The raise reflects wider investor interest in African stablecoin fintechs as digital assets gain more utility in business payments, treasury management and international commerce. Chainalysis said stablecoins settled about $28 trillion in transaction value globally in 2025, with much of that activity tied to payments and remittances.
Daya has also been building partnerships around its model. In June, it partnered with Aptos Foundation and Dubai-based crypto exchange HashKey MENA to pilot a stablecoin settlement corridor linking businesses in Africa and the Middle East.
The company said it has grown more than 40% month-on-month in 2026, with several businesses already using its platform for cross-border payments and treasury management. Daya plans to use the new capital to expand its payment corridors, compliance infrastructure and partnerships with local and global financial institutions.
