Checker Raises Sh1.04bn to Scale Stablecoin Network in African Markets
NAIROBI, Kenya, May 20-Global digital asset infrastructure network Checker has raised $8 million (Sh1.04 billion) in fresh funding as it seeks to simplify Kenya breaking news | Kenya news today |..
✨ Key Highlights
Global digital asset infrastructure network Checker has secured $8 million (Sh1.04 billion) in a funding round led by Al Mada Ventures to expand its stablecoin network in emerging markets.
- Raised $8 million (Sh1.04 billion) to simplify stablecoin liquidity access and cross-border payments.
- Led by Al Mada Ventures, with participation from Galaxy Ventures and Framework Ventures.
- Will support expansion across Africa, Latin America, and Asia, addressing costly traditional banking channels.
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KCB Reports Strong Q1 Performance While Checker Raises Capital for Expansion - May 2026
KCB Group announced a 15.3% increase in pre-tax profit for the first quarter ended March 2026, reaching Sh24.4 billion despite a challenging business environment. Separately, global digital asset infrastructure network Checker secured $8 million (Sh1.04 billion) in a funding round led by Al Mada Ventures to expand its stablecoin network in emerging markets. Meanwhile, Schneider Electric launched a new innovation hub and hands-on training centre in Nairobi to foster energy technology, digitalization, and technical skills development across East Africa.
