Paycrest is building infrastructure that converts stablecoins to local fiat currencies, addressing liquidity constraints that hamper day-to-day payments and remittances in Africa. By smoothing the on- and off-ramp between digital dollars and naira, the startup aims to make cross-border and domestic payments faster and more affordable. The company positions itself at the intersection of traditional finance and web3, attracting interest from both specialised crypto investors and generalist VCs. Its core product centres on providing reliable liquidity pools and settlement rails for merchants, consumers, and other fintechs that need instant conversion between stablecoins and local currency. Although still at the pre-revenue, pre-product-market-fit stage, Paycrest’s ability to secure external financing underscores investor confidence in its technical approach and market opportunity. The fresh capital will be channelled toward product development, regulatory compliance, and initial market roll-out. No operating metrics such as user numbers or revenues have been disclosed.

Total raised

$0M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2026