Daya, a Nairobi-based fintech focused on payment and treasury infrastructure, has raised $2.4 million in a pre-seed funding round to accelerate its expansion across Africa.

The round was led by Hivemind Capital, with participation from Lattice Fund, Alliance, and Aptos. The fresh capital will be used to scale Daya’s platform, which aims to simplify how African businesses, freelancers, and globally distributed teams move money across borders.

Founded in October 2025 by Tomiwa “Aleph” Lasebikan and Paul Joe, Daya is positioning itself as a unified financial operating system for businesses navigating increasingly complex international transactions.

Solving a Persistent Problem in African Commerce

Cross-border payments remain one of the most significant operational challenges for businesses across Africa.

Companies often rely on multiple providers for local payments, foreign exchange services, and international transfers, creating inefficiencies, delays, and higher costs. A business making international payments may need to coordinate between banks, FX providers, and payout platforms, each adding layers of complexity to the transaction process.

Daya seeks to eliminate this fragmentation by consolidating financial operations into a single platform.

The company provides payment infrastructure, real-time foreign exchange services, stablecoin settlement rails, and treasury management tools, enabling businesses to collect payments, convert currencies, manage multi-currency balances, and execute international transfers from one dashboard.

Building the Financial Infrastructure Layer for African Businesses

Daya’s flagship product, Daya Business, allows companies to manage cash flow, treasury operations, and global payouts within a unified environment.

Complementing this is Pro by Daya, a smart routing and liquidity engine designed to provide businesses with access to competitive exchange rates and institutional-grade liquidity while reducing hidden transaction costs.

For developers and fintech companies, Daya also offers APIs that enable the integration of payment and foreign exchange functionality directly into digital products. This allows businesses to embed cross-border payment capabilities without investing heavily in building infrastructure from scratch.

The approach reflects a growing trend among fintech startups focused on providing financial infrastructure rather than consumer-facing services.

A Massive Market Opportunity

Daya is targeting a rapidly expanding market.

According to FXC Intelligence, the global B2B cross-border payments market was valued at $31.7 trillion in 2024 and is projected to reach $47.8 trillion by 2032. The market significantly outweighs global consumer remittances, which the World Bank estimated at $905 billion in 2024.

The disparity highlights the scale of business-to-business payment flows and the growing demand for faster, more efficient settlement systems.

Despite advances in digital finance, much of the global cross-border payments ecosystem continues to rely on legacy correspondent banking infrastructure that was not designed for the speed and flexibility modern businesses require.

Betting on Stablecoins and Modern Payment Rails

Daya’s strategy also aligns with a broader industry movement toward stablecoin-powered financial infrastructure.

The company is leveraging stablecoin rails alongside traditional payment systems to improve transaction speed, reduce settlement costs, and simplify currency conversion for businesses operating across multiple markets.

It joins a growing list of fintech companies exploring blockchain-enabled payment infrastructure. One notable example is Bridge, the stablecoin payments company acquired by Stripe in 2025. Stripe reported that Bridge’s transaction volume grew more than fourfold in 2025, underscoring rising demand for modern settlement solutions.

As African businesses become increasingly global, the need for seamless cross-border financial infrastructure continues to grow.

Daya’s funding round signals investor confidence in a future where businesses can manage payments, treasury operations, and foreign exchange from a single platform rather than relying on fragmented financial systems.

With fresh capital, an expanding infrastructure stack, and growing demand for efficient international payments, Daya is positioning itself to become a key player in Africa’s evolving fintech ecosystem.