African fintech startup Daya has raised $2.4 million in pre-seed funding to accelerate the development of its platform designed to simplify cross-border payments for businesses across the continent.
The funding round was led by Hivemind Capital, with participation from Alliance, Lattice, Globelink Holding and Aptos Foundation.
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Daya is building what it describes as a financial operating layer for businesses, freelancers and companies that receive international payments or move money across borders. Its platform enables users to collect payments locally, convert currencies, and settle funds globally from a single interface.
The startup says the new capital will support product development, regulatory licensing, expansion into new payment corridors and partnerships with financial institutions as it scales its cross-border payments infrastructure across Africa.
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