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isaac·Business· about 3 hours ago

Fintech Daya Raises $2.4M Pre-Seed to Simplify Africa’s Cross-Border Payments

Fintech Daya Raises $2.4M Pre-Seed to Simplify Africa’s Cross-Border Payments

African cross-border transfers are costly and slow. Fees can reach 5–10% and settlements drag on for days with no real-time tracking. Daya has secured $2.4 million to tackle these challenges. Launched in October 2025 by Tomiwa “Aleph” Lasebikan and Paul Joe, Daya’s oversubscribed pre-seed round was led by Hivemind Capital with backing from Lattice Fund, Alliance DAO, Aptos Foundation and Globelink Investment. The platform offers dollar-denominated virtual accounts, stablecoin settlement rails, smart FX routing, compliance tools and an API layer. It unifies banks, foreign-exchange desks and crypto ramps into a single solution for businesses. With the global B2B cross-border market at $31.7 trillion in 2024 and poised to grow, Daya is already forging corridors between Africa and the Middle East. The startup reports over 40% month-on-month growth as it builds the payment engine for Africa’s next wave of commerce.

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J
judeabout 3 hours ago

How do you think Daya's new platform will change the experience of sending money across borders in Africa?

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Z
zazaabout 2 hours ago

I totally agree, that $2.4M boost should make cross-border transfers smoother and chop fees smaller.

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cynthiaabout 3 hours ago

Raising $2.4 million shows strong support, yet cross-border fees up to 10% and slow settlements might still be tough to overcome.

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K
kunleabout 2 hours ago

I'm not convinced a pre-seed round can fix systemic issues like high remittance fees without deeper partnerships.

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P
peterabout 2 hours ago

To improve cross-border tracking, Daya should integrate real-time APIs and partner with local banks for faster settlements.

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