Sending money across African borders remains a costly challenge, often with transaction fees ranging from 5% to 10%. The process is frequently slow, taking days for settlement, leaving businesses in the dark regarding the location and status of their funds. Daya, a fintech startup established in Nigeria in October 2025, has recently secured $2.4 million in funding to tackle these issues effectively.
This funding round, which was oversubscribed, was announced on June 24 and was led by Hivemind Capital, with participation from Lattice, Alliance, Globelink, and the Aptos Foundation. This significant investment signals strong confidence in Daya, a company that has only been in existence for eight months and is already achieving over 40% month-on-month growth in 2026.
#How is Daya Leading Innovations in Payment Solutions?
Daya's platform offers more than just basic payment services; it integrates stablecoin settlements with local fiat on-ramps and off-ramps. It provides virtual multi-currency accounts, efficient foreign exchange routing, compliance tools, and accessible APIs. This comprehensive system allows businesses to receive payments in stablecoins, easily convert them to local currencies, and manage their treasury across various denominations while staying compliant.
The founding team, comprising Aleph Lasebikan and Paul Joe, brings a wealth of experience to the table. Lasebikan has a background with Helicarrier, while Joe has worked with industry leaders such as Circle and Microsoft.
#What Significance Does the Africa-UAE Corridor Hold?
In June 2026, Daya launched a pilot project in collaboration with the Aptos Foundation and HashKey MENA to develop a stablecoin payment corridor linking Africa with the UAE. This corridor operates on the Aptos blockchain, providing a robust framework for secure transactions.
The partnership with HashKey MENA enhances the project by introducing regulated cryptocurrency infrastructure. This is particularly relevant for businesses that prioritize compliance when transferring money across borders, as it helps avoid regulatory complications.
#Why Should Investors Pay Attention?
Prior to this funding round, Daya raised $350,000 from Alliance DAO in 2025. The leap from seed capital to $2.4 million in an oversubscribed pre-seed round in just under a year demonstrates impressive traction and growth potential that could attract serious investment interest in future funding rounds.
The business does face specific risks typical of pre-seed companies operating in emerging markets. The regulatory landscape for stablecoins varies significantly across Africa, with Nigeria being a notable case where the attitude has shifted between skepticism and cautious adoption of cryptocurrency. Potential regulatory actions could complicate Daya's operations, making it a key area for investors to monitor.