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Originally published by Tech Arena
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May 20, 2026
2h ago

Checker Raises $8M to Scale Stablecoin Infrastructure for African Financial Institutions

Checker Raises $8M to Scale Stablecoin Infrastructure for African Financial Institutions

Checker has raised $8 million in funding led by Al Mada Ventures to expand its stablecoin-powered financial infrastructure across Africa, targeting cross-border payments, liquidity access, and banking efficiency...

✨ Key Highlights

Checker has successfully raised $8 million to scale its stablecoin infrastructure, aiming to enhance financial services for institutions across Africa and other emerging markets.

  • The funding round was led by Al Mada Ventures, with participation from Galaxy Ventures and Framework Ventures.
  • Checker addresses a key gap in stablecoin adoption by providing a novel orchestration layer for fragmented liquidity, as stated by Omar Laalej.
  • The company connects financial institutions to global liquidity through a single API, enabling features like cross-border payments and credit solutions.

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