Daya

Daya is a Nigerian fintech company building stablecoin-based payment infrastructure for African businesses. Its platform allows companies to receive payments in USD, HKD, and CNY via virtual accounts, convert local currencies into stablecoins, and settle cross-border transactions instantly.

The core problem Daya solves is the high cost and inefficiency of traditional cross-border payments in Africa. Sending money from Nigeria to the US typically involves multiple intermediaries, takes 4-10 business days, and costs 5-10% in fees. Daya replaces this fragmented process with a single stablecoin rail, reducing settlement time to near-instant and significantly lowering costs.

Daya's competitive advantage lies in its B2B focus and API-first approach. Rather than building a consumer app, it provides infrastructure that other fintechs and enterprises can embed into their own workflows. The company also partners with regulated crypto entities like HashKey MENA to ensure compliance, and its support for CNY accounts specifically addresses the large trade corridor between Africa and China.

In the past six months, Daya has expanded its partnership network, including a pilot stablecoin settlement corridor between Africa and the Middle East with Aptos Foundation and HashKey MENA. The company reports over 40% month-on-month growth in transaction volume, and its team has been actively participating in regional industry events such as the Nigeria Stablecoin Summit. No significant negative developments have been reported during this period.