Stabyl Raises USD 2.7 M Pre-Seed To Build Africa’s FX Liquidity Infrastructure

Stabyl, a Nigeria-based fintech infrastructure startup founded in 2025 by Prince Nnamdi Ekeh, Zachary Schwartzman, and Michael Anyi, has raised USD 2.7 M in pre-seed funding to build a foreign exchange liquidity platform for financial institutions and payment service providers across Africa.

The round was led by Konga, which will also serve as Stabyl’s first settlement partner through KongaPay. Rather than serving consumers, Stabyl provides infrastructure that enables banks, fintechs and payment companies to source FX liquidity and settle transactions faster using a central limit order book.

The platform currently supports the naira-dollar corridor, with settlement via traditional banking rails and USDT and USDC stablecoins. The funding will support licensing, compliance and infrastructure expansion.