ViFi Labs has announced the acquisition Uganda’s OneRamp, a stablecoin-powered platform simplifying digital payments through mobile money and banking integrations. This deal gives ViFi Labs immediate market access across Kenya, Uganda, Nigeria, and Tanzania where OneRamp serves over 25,000 users with an annual revenue run rate of $1.2 million.
If you have a startup you want featured on TechArena, let us know through this contact form here.
OneRamp was founded by Elias Hezron Opio and Jovan Mwesigwa offering a practical solution for the use of stablecon in everyday transactions. By linking stablecoin wallets directly with local financial systems, OneRamp eliminates common friction points in crypto adoption across Africa’s mobile-first economies.
“This acquisition is a significant milestone for ViFi Labs as we move from infrastructure development to real-world deployment,” said Tony Olendo, Cofounder of ViFi Labs. “OneRamp gives us direct access to high-growth markets in Africa, where demand for stablecoin use is already proven. Together, we’re creating a bridge between institutional FX infrastructure and the everyday use of stablecoins.”
ViFi Labs is building decentralized FX swap venues to bring transparency, compliance, and scale to stablecoin trading, especially in markets where informal peer-to-peer networks still dominate. Across Africa and Latin America, institutional stablecoin usage has surpassed $540 billion annually, highlighting the massive opportunity for compliant, on-chain alternatives.
“Joining forces with ViFi Labs allows us to supercharge our mission of making stablecoin payments accessible, simple, and secure,” added Elias Hezron, Cofounder of OneRamp. “It’s a win for our users, a win for the region, and a big step forward for decentralized finance in emerging markets.”
As part of its growth strategy, OneRamp is also expanding into Base, the Coinbase-backed Ethereum Layer 2 network.
“OneRamp will stay open to all platforms,” said Cofounder Jovan Mwesigwa, “but joining the Base ecosystem gives us an incredible opportunity to reach more users both across Africa and globally.”
With this acquisition, ViFi Labs signals a strong intent to deliver scalable, compliant, and user-focused financial tools in regions long underserved by traditional FX systems.
For these and more stories, follow us on X (Formerly Twitter), Facebook, LinkedIn and Telegram. You can also send us tips or reach out at info@techarena.co.ke.
Also Read: How OTC Crypto Trading and Stablecoins Are Supporting African Businesses Amid Dollar Shortages