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.
Continue Reading
Read the complete article from Tech Arena
Part of the Day's Coverage
Apple Pay Lands in Mauritius via Visa and MCB. Kenya Still Not on the Map - May 2026
Apple Pay has officially launched in Mauritius, making it the third African country to offer the service, following South Africa and Morocco. Separately, PayPal announced the global expansion of its dollar-backed stablecoin, PayPal USD (PYUSD), to 70 markets worldwide, aiming to provide faster and more seamless global transactions for consumers and businesses. Additionally, Checker has successfully raised $8 million to scale its stablecoin infrastructure, aiming to enhance financial services for institutions across Africa and other emerging markets. These developments reflect the expanding digital payment landscape across Africa, though Kenya has yet to receive these services.
