A remittance service provider that is integrating stablecoin functionality for fintechs and crypto applications.
How MoneyGram is leapfrogging competitors by putting stablecoins in the hands of users
MoneyGram has introduced a stablecoins app allowing users to hold USDC in Colombia. The app aims to provide immediate benefits to remittance recipients by protecting against local currency devaluation.
Microsoft and Uber alum raises $3M for YC-backed Munify, a neobank for the Egyptian diaspora
Khalid Ashmawy founded Munify to address the high costs and slow processes of sending money home for Egyptians abroad. Munify joined Y Combinator's Summer 2025 batch, marking a significant achievement for a startup from outside the U.S.
HoneyCoin raises $4.9M Seed to kill correspondent banking in Africa
HoneyCoin raised $4.9 million to expand its payment platform, led by Flourish Ventures. The funding round increased HoneyCoin's total funding to just over $5 million.
Zepz to use stablecoins to optimise its remittance back-office infrastructure
Zepz has partnered with Circle to integrate stablecoins into its back-office operations. This partnership aims to reduce reliance on pre-funding payout positions in destination countries.
Scoop: CBN releases list of 108 IMTOs with commercial approval
The CBN has licensed 108 IMTOs, a significant increase from 15 in 2016. The renewed push by the CBN aims to boost dollar inflows into Nigeria.
