Alliance-backed fintech Daya raises $2.4 million to build stablecoin payment rails
- Daya raised $2.4 million in a pre-seed funding round to expand its payment infrastructure.
- The funding round was oversubscribed, indicating strong investor interest in Daya's model.
- Daya partnered with Aptos Foundation and HashKey MENA to pilot a stablecoin settlement corridor between Africa and the Middle East.
Daya's innovative approach to leveraging stablecoins for cross-border payments represents a significant advancement in the African fintech landscape. As the demand for efficient financial solutions grows, Daya's model could set a precedent for other startups in the region. However, the challenge remains in navigating regulatory environments and ensuring widespread adoption among businesses.
