Checker Secures $8M Seed Funding to Build Payment Infrastructure for Africa

Fintech startup Checker, which provides stablecoin infrastructure for financial institutions, has closed an $8 million seed funding round. The investment will support the company’s expansion across Africa and other emerging markets as it seeks to streamline cross-border payments and liquidity management.

The round was led by Galaxy Ventures, Al Mada Ventures, and Framework Ventures, with additional backing from investors familiar with fintech ecosystems in Africa, Latin America, and Asia. Checker aims to serve as a central API for banks, remittance providers, neobanks, and fintechs looking to integrate stablecoin-powered services.

Simplifying Stablecoin Integration

Checker provides access to global liquidity pools, payment rails, currency exchange infrastructure, and digital asset settlement tools through a single interface. This addresses the common challenge of institutions needing multiple vendors for compliance, liquidity, fiat conversion, and payment routing when entering stablecoin markets.

“We’re building the backend that enables financial institutions to leverage the benefits of stablecoins without managing complex integrations,” said Jack Chong, co-founder of Checker. “Our goal is to make it as simple as adding one API to access a global network for payments and treasury management.”

Rapid Growth in First Year

Checker already supports markets including Nigeria, Kenya, Ghana, Tanzania, and Francophone West Africa, processing over $3 billion in transaction volume within its first year—roughly 1% of annual global B2B stablecoin payment activity. The company’s network now spans 75 currencies.

Future Developments

The new funding will enable Checker to:

  • Expand payment coverage across more regions and currencies
  • Reduce reliance on traditional correspondent banking systems
  • Introduce embedded lending and borrowing products linked to stablecoin settlements
  • Develop AI-powered tools for treasury operations, analytics, and back-office management

This investment highlights a broader trend of capital moving deeper into financial infrastructure as institutions explore stablecoins beyond crypto trading—toward applications like cross-border payments, treasury optimization, and collections.