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Daya Raises $2.4M Pre-Seed Round For Stablecoin Payments

Daya unveils its capital raise from the industry to scale stablecoin payments in Africa.

Daya raises $2.4M pre-seed round (Umana Donpaul / Unsplash)

Daya raises $2.4M pre-seed round (Umana Donpaul / Unsplash)

Daya has raised $2.4M in a pre-seed round.

Daya has officially secured capital to expand the adoption of stablecoin payments for businesses and suppliers throughout Africa. This was led by Hivemind Capital and other participants included Lattice Fund, Aptos Foundation and Alliance DAO.

The company is providing stablecoin infrastructure for FX and business treasury management, as well as stablecoin on/off-ramping for easier day-to-day experience.

Paying invoices in local currency stablecoins in Africa such as NGN and foreign stablecoins such as the U.S. Dollar is becoming more frequent as stablecoin adoption grows.

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