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About Canza Finance
Canza Finance is a DeFi network for African cross-border payments and FX that initially brought Nigeria's bureau de change agent network on-chain, using stablecoins in place of dollars for corporate and retail cross-border payments and local P2P exchange, while its Baki module lets businesses swap African currencies against dollar stablecoins at central bank reference rates. In January 2026 the platform disclosed more than $131 million in cumulative USDT transaction volume on Aptos and introduced CAPP, a multi-agent payment protocol whose Mobile Money Bridge agents connect Africa's 156 fragmented mobile money systems.
The technical base is Aptos, where sub-second finality and average fees near $0.0005 make high-frequency low-value payments economically viable and asset flows are constrained by Move contracts. The benchmark it replaces is real: African cross-border remittances average about 8.9% in cost and business payments typically take three to five days to settle. The product set also includes the Baki FX module and corporate OTC settlement, with stablecoin market making, P2P exchange and B2B FX the main sources of early volume.
Canza Finance was founded in 2020 by Pascal Ntsama and Oyedeji Oluwoye, aiming to build a non-institutional financial system for Africa. The company participated in the Filecoin Launchpad accelerator, receiving support from Tachyon. In 2021, Canza completed a $2.3 million strategic funding round led by Polychain Capital, with participation from Fenbushi Capital, Bixin Ventures, and others, to expand its African market operations. In 2022, Canza launched the Baki platform on the Avalanche blockchain, enabling low-slippage foreign exchange trading for African currencies, addressing inefficiencies and high costs in cross-border payments, and providing more efficient financial infrastructure for African enterprises. These milestones reflect Canza's continuous expansion in the African fintech sector.
As a Web3 data analyst, here are Canza Finance's key developments from Mar 3 to Sep 3, 2026:
Canza launched the Canza Autonomous Payment Protocol (CAPP), a multi-agent AI system for cross-border payments, addressing Africa's fragmented payment infrastructure. The protocol achieved over $131 million in cumulative USDT transaction volume, a 300% quarter-over-quarter increase, driven by P2P and B2B forex services on the Aptos network.
In a major partnership, Canza teamed with Arbitrum and Tevau to introduce a USDT0-backed Visa card, enabling stablecoin spending across African corridors (Nigeria, Kenya, Ghana). This integration leverages Arbitrum's sub-second finality and ultra-low fees, with Tevau handling card issuance and local fiat conversion.
Canza was also selected as an incubatee of CMC Labs, CoinMarketCap's Web3 accelerator, supporting its infrastructure scaling.
Future roadmap: Canza will expand CAPP deployment across more African markets, targeting the projected $1 trillion cross-border economy by 2035. Priorities include reducing transaction costs to under 1%, enabling sub-60-second settlements, and unifying 156 mobile money services to bank 400+ million unbanked Africans. The team is developing new features validated by transaction data, with a focus on stablecoin liquidity and real-world asset settlement layers.
Pascal Ntsama IV — Co-founder & CEO; background in banking, economics and finance; led the launch of Baki, an FX marketplace for African currencies; the company has raised over $5.5M.
Oyedeji Oluwoye — Co-founder & CTO; leads engineering, product and technical development.