A remittance service provider that is integrating stablecoin functionality for fintechs and crypto applications.
Esca Finance taps Tether-backed MANSA for same-day African payment settlements
Esca Finance partners with MANSA to enable same-day settlements in Nigeria, Ghana, and Francophone West and Central Africa. The partnership combines Esca’s FX infrastructure with MANSA’s stablecoin-backed settlement capabilities.
The $11 Billion Shift: How Ghana’s Diaspora Is Pivoting To Fintech Apps To Send Money Home
Ghana recorded $6.65 billion in remittance inflows in 2024, with informal channels bringing the total to $11.5 billion. Fintech startups have reduced traditional remittance fees from 7-12% to as low as 1-3%.
Microsoft and Uber alum raises $3M for YC-backed Munify, a neobank for the Egyptian diaspora
Khalid Ashmawy founded Munify to address the high costs and slow processes of sending money home for Egyptians abroad. Munify joined Y Combinator's Summer 2025 batch, marking a significant achievement for a startup from outside the U.S.
African Remittance Startups Surge as Inflows Hit Record $56B in 2024
LemFi secured $53 million in funding and surpassed $1 billion in monthly transactions. Nala expanded operations to the Philippines and Pakistan, securing $40 million in funding.
