Nigerian stablecoin fintech Daya raises $2.4 million pre-seed

Daya, a Nigerian startup building stablecoin-powered payment infrastructure for African businesses, has raised a $2.4 million pre-seed round to expand its cross-border payments network and deepen its stablecoin-based financial services.

Hivemind Capital, a New York-based digital asset investment firm, led the round with participation from Lattice Fund, a crypto-focused venture capital firm; Alliance DAO, a New York-based crypto accelerator; Aptos Foundation, an independent entity that supports the US-based Aptos blockchain network by issuing builder grants and developer resources; and Globelink Investment, a Singapore-based investment company.

“The round was oversubscribed,” Tomiwa “Aleph” Lasebikan, Daya’s co-founder, told TechCabal. “Right now, we’re heads down focused on building and shipping for our users and delivering on the promises we made to our investors and early backers.”

The funding comes seven months after Daya emerged from the Alliance DAO ALL15 cohort and positions the startup among a growing group of Africa-focused fintechs, including Yellow Card and Juicyway, betting that stablecoins can become a mainstream rail for cross-border business payments.

Founded in October 2025 by Lasebikan and Paul Joe, Daya helps businesses receive dollar payments, settle transactions using stablecoins, and move funds across borders through a combination of regulated banking partners and blockchain-based settlement infrastructure.

The funding also shows investor conviction in African stablecoin-based fintechs like Daya. It is part of a broader shift in financial services as stablecoins move beyond their origins in cryptocurrency trading and find adoption in business payments, treasury management, and international commerce. 

According to blockchain analytics firm…