Fintech startup Afriex has announced a major expansion of its cross-border payment services across new African and global markets, in a move to revolutionize remittances and digital banking for Africans at home and in the diaspora. The Y Combinator-backed startup, known for its fast, low-cost money transfers using stablecoins, now operates in Nigeria, Ghana, Kenya, Uganda, the US, and parts of Europe—with plans to deepen its African footprint in the coming months.
This expansion is driven by the rising demand for seamless, affordable remittances and a growing dissatisfaction with traditional banking systems. With a mobile-first approach, Afriex bypasses middlemen and currency conversion bottlenecks by leveraging crypto rails, enabling users to send and receive funds in seconds. The company also recently secured funding to improve its infrastructure and onboard more users, particularly African freelancers, students, and small business owners looking for faster and cheaper alternatives to platforms like Western Union or PayPal.
Afriex's growth signals the widening relevance of decentralized finance in real-world African needs—from family support to global commerce. As the startup scales, it’s not just bridging gaps in cross-border finance; it’s creating a blueprint for how African-led fintech can offer smarter, locally-informed solutions to global money movement.
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