Stabyl emerges from stealth with $2.7 million for Africa’s FX infrastructure
- A conversation between MBA students at the University of Oxford led to the founding of Stabyl.
- Stabyl has secured a $2.7 million pre-seed investment led by Konga.
- The startup aims to create a centralized liquidity exchange for financial institutions and payment service providers.
Tech In Africa - Jun 29, 2026
Nigerian Fintech Stabyl Raises $2.7M to Solve Africa’s FX Liquidity Gap
Nigerian startup Stabyl has secured $2.7 million in a pre-seed funding round to develop foreign exch
Stabyl's innovative approach to foreign exchange liquidity could significantly enhance the efficiency of financial transactions in Nigeria and beyond. By leveraging technology to streamline processes that have traditionally been cumbersome, the startup not only addresses a critical market need but also positions itself as a key player in the evolving fintech landscape of Africa.
