Checker Raises USD 8 M To Build Stablecoin Liquidity Infrastructure For African Banks

Checker, a global infrastructure network unifying digital asset markets, has raised USD 8 M in funding to expand stablecoin-powered financial services for banks and neobanks across Africa and other emerging markets.

The round was led by Al Mada Ventures alongside Galaxy Ventures and Framework Ventures, with backing from investors including DFS Lab and angel investors such as Iyin Aboyeji and Gwera Kiwana.

Founded by Jack Chong and Justin McMahan, Checker provides a single API that connects financial institutions to global stablecoin liquidity, FX, treasury, and cross-border payments infrastructure. The company says it has processed USD 3 B in annualized volume across 75 currencies.