This Alliance DAO Nigerian Alumni Wants to Cut the Cost of Cross-Border Business Payments to as Little as 0.1% via Stablecoins

Nigerian startup, Daya, has launched a stablecoin-powered payments platform designed to make cross-border business transactions faster and significantly cheaper than traditional banking rails.

Founded by Lasebikan and Paul Joe in October 2025, the company recently raised $350,000 from

• Alliance DAO,
• Hivemind, and
• Lattice

to scale the platform.

As reported by BitKE, Daya was the only African startup, out of 14, that graduated in November 2025 from the ALL15 cohort by Alliance.xyz, one of crypto’s leading accelerator and founder network.

Daya gives businesses a U.S. dollar account through regulated banking partners. When customers or partners send dollars into that account, the funds are converted into dollar-backed stablecoins and credited to the business’s wallet. Businesses can then

• pay overseas suppliers instantly,
• hold the balance in digital dollars, or
• convert it into Naira and withdraw it to a local bank account.

Instead of relying on correspondent banks and a single foreign exchange provider, Daya aggregates multiple AML-compliant OTC liquidity providers to convert between stablecoins and local currency.

“The USD account is an account in the U.S,” Lasebikan said.

“Whoever wants to send you money sends funds into this account managed by our partners – reputable, licenced partners in the US. They settle us in stablecoins. So now the user has stablecoins: this is your global money, so to speak.

Businesses can hold the stablecoins or convert them to Naira straight into their bank account.”

By removing intermediaries and settling transactions on blockchain rails, the startup says it can dramatically reduce both settlement times and costs.

Its pricing is one of its biggest selling points. Daya charges between 0.1% and 0.3% per transaction, compared with cross-border payment fees that can reach 10% through traditional channels. The company also says transfers that typically take three to five business days can be completed the same day.

For customers, the blockchain infrastructure remains largely invisible. They simply receive a dollar account, send or receive international payments, and access local currency when needed, while stablecoins serve as the settlement layer in the background.

Stay tuned to BitKE updates on stablecoin developments in Africa.

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