Nigeria’s Paycrest raises $404k pre-seed to solve stablecoin-to-fiat liquidity gaps
- Paycrest raised $404,000 in a pre-seed funding round.
- The funding round included participation from various web3 and traditional VCs.
- African pre-seed startups secured only $46.5 million across 281 deals in 2025.
The successful funding round for Paycrest highlights the potential for innovation in the African fintech space, particularly in addressing the challenges of cross-border payments. However, the stark contrast in pre-seed funding compared to mature markets indicates a need for more robust support systems for startups in the region.
