Exclusive: Collect Africa shuts down to make way for Stablecoin-focused Autospend
- Collect Africa will shut down by August 31, 2025, to focus on a new stablecoin platform, Autospend.
- The company processed over $4 million in payments and registered 5,000 businesses since its launch in 2021.
- Collect Africa was selected for the ODX accelerator and secured $125,000 in funding.
The transition from Collect Africa to Autospend highlights a significant shift in the fintech landscape, where startups are increasingly recognizing the potential of stablecoins and cross-border transactions. This pivot could potentially address larger financial challenges faced by businesses in Africa, but it also raises questions about the sustainability of local payment solutions.
