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About Canza Finance
Canza Finance is a fintech company serving Africa, distinct from traditional banking institutions. It leverages blockchain and stablecoins to offer cross-border payments, foreign exchange, and business-to-business payment services. Its core product is CAPP (Canza Autonomous Payment Protocol), an AI-driven multi-agent routing system that automatically selects optimal settlement paths among Africa's fragmented mobile money networks.
Cross-border payments in Africa have long suffered from high costs (averaging 8.9%), slow settlement (3–5 days), and disconnected channels (156 independent mobile money systems). CAPP connects these systems, aiming to cut costs to below 1% and reduce settlement time to under a minute, enabling unbanked users to access the digital economy with just a mobile phone.
In the past six months, Canza processed over $131 million in cumulative USDT transaction volume on the Aptos network, up roughly 300% quarter-over-quarter, demonstrating real demand for stablecoins in the region. Additionally, Canza partnered with Arbitrum and Tevau to launch a Visa card, allowing users to load USDT0 directly onto the card for everyday merchant spending, extending on-chain settlement to offline payment scenarios.
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.
Co-founder & CEO Pascal Ntsama IV: based in Dallas/Washington DC; holds a BS from Georgia Tech and a master's from Georgetown; co-founded Canza Finance in 2019 and also co-founded Menergi.
Co-founder & CMO Oyedeji Oluwoye: relocated from Australia to Nigeria to stay close to the market; entered the Filecoin Launchpad Accelerator with Pascal in 2020, leading local implementation and market strategy.