Checker Secures $8 Million Seed Funding for Global Payments Expansion

Checker, a startup providing infrastructure for stablecoin-powered payments, has announced an $8 million seed funding round. The investment will fuel the company’s expansion across Africa, Asia, and Latin America as regulatory frameworks for digital assets continue to develop in these regions.

The round was led by Galaxy Ventures, Al Mada Ventures (the venture arm of Morocco’s royal family investment group), and Framework Ventures. Notable participants included DFS Lab, Bitso, Airtm, Onigiri Capital, SNZ Capital, Velocity Capital, as well as operators from Africa’s tech ecosystem like Flutterwave co-founder Iyin Aboyeji and Onafriq’s former VP Gwera Kiwana.

Regulatory Tailwinds for Stablecoin Adoption

The funding comes at a time when African regulators are formalizing rules for stablecoins. Kenya introduced its VASP framework in 2025, followed by draft regulations in 2026, while Ghana passed the VASP Act establishing a legal framework for virtual assets.

Checker is betting that working with regulated financial institutions will establish it as a trusted platform as these markets evolve. “This funding allows us to accelerate our mission to enable financial institutions from Brazil and Kenya, to Hong Kong and the United States, to transform how foreign exchange, payments, trading, and investment products are built,” said CEO Jack Chong.

What’s Next for Checker?

The company plans to use the funds to:

  • Expand global payment coverage
  • Build embedded borrowing/lending products with reduced pre-funding requirements
  • Launch AI agents for treasury management and predictive analytics

Checker’s API allows regulated financial institutions (banks, remittance providers) to access global stablecoin liquidity. Currently supporting 75 currencies across markets including Nigeria, Kenya, Tanzania, Ghana, and Francophone West Africa, the company processed $3 billion in volume over the past year with clients like Rail, Braza Bank, and Belo.

“We’re building the network-of-networks infrastructure for the stablecoin era,” said Head of Africa Sales Isaac Umejiaku. “With one integration, we connect African financial institutions to multiple payment providers globally, dramatically reducing settlement times and fees.”

Checker competes in a growing market alongside companies like Conduit as they vie to become the backend rails for global payments.