There are indications that the African fintech sector in 2026 is making a play for stablecoins. The latest company joining that list is Daya, a Nigerian startup that has raised a $2.4 million pre-seed round to expand its stablecoin-powered payments infrastructure for businesses.
Let’s break it down: Daya helps African businesses receive dollar payments, move money across borders, and settle transactions using stablecoins. The startup says its funding round was oversubscribed, which is startup-speak for ‘more investors wanted to invest than there was room for.’ The company plans to use the fresh capital to expand its payment corridors and compliance systems.
Daya has been making moves: Earlier this month, it partnered with Aptos Foundation and crypto exchange HashKey MENA to build a payment corridor connecting businesses in Africa and the Middle East.
The funding comes at a time when stablecoins are increasingly being used as financial infrastructure. Earlier this month, Flutterwave raised a Series E round from Ripple and announced plans to integrate RLUSD, Ripple’s dollar-backed stablecoin, and its XRP Ledger into its payments infrastructure.
Many businesses might not care if a payment runs through a bank, a blockchain, or a raven. They care that it arrives quickly and without extra charges. That’s why an increasing number of African fintechs are building around stablecoins.