Checker raises $8M to expand stablecoin infrastructure in emerging markets. Checker has raised $8 million in new funding to accelerate the adoption of stablecoin-powered financial services across Africa and other emerging markets. Checker raises $8M to overhaul cross-border banking. Checker, a digital asset infrastructure provider founded in 2025, has closed an $8 million seed round led by Galaxy Ventures and Framework Ventures, with Morocco's sovereign wealth fund Al Mada Ventures as a major backer. Early investors include fintech specialists (DFS Lab, Bitso, Airtm) and regional builders like Flutterwave co-founder Iyin Aboyeji, alongside operators from Stripe and Tala. Al Mada's participation signals institutional adoption has moved beyond experimentation. As the parent company of Attijariwafa Bank and remittance provider Wafa Cash - which handle massive cross-continental volumes - Al Mada's backing validates that regulated financial institutions are ready to integrate digital asset infrastructure. The problem: costly, slow cross-border payments. Today, a bank in Nairobi sending money to Lagos faces a familiar obstacle: thin direct liquidity between the Kenyan shilling and Nigerian naira forces capital through Western correspondent banks in London or New York. This circuitous route stretches a regional transaction into a multi-day ordeal with unpredictable forex spreads and steep fees. Banks must also maintain nostro accounts - foreign currency reserves held abroad - locking up 5-15% of transaction volume in dormant capital that could be deployed locally. | Model | Settlement Time | Capital Efficiency | | Legacy Correspondent Network | 3-5 days | Low: 5-15% locked in nostro accounts | | Checker Liquidity Grid | Under 2 hours | High: Just-in-time liquidity, no pre-funding | Build a professional website in minutes. No coding needed. Drag, drop, and publish. Site.Pro makes it simple for anyone to go online fast. How it works. By operating as invisible plumbing for regulated banks and remittance providers, Checker integrates treasury tools, cross-border payment rails, and embedded credit directly into institutions' workflows. A bank treasurer can now route payments through Checker's payment orchestration layer - which aggregates fragmented stablecoin liquidity and routes transactions through compliant fiat on- and off-ramps - settling cross-border transfers in under two hours with transaction fees dropping to fractions of a percent. Traction & expansion. Over 12 months, Checker has processed $3 billion in volume across 30+ regulated institutions covering 75 fiat currencies. Their clients span Latin America who use Checker's infrastructure for trading and treasury operations. The new $8 million will fund expanded payment coverage, embedded borrowing/lending lines, and AI tools for treasury compliance and predictive analytics. Rather than blanket prohibitions, major African economies are codifying clear boundaries. Kenya's 2026 draft regulations operationalize its 2025 VASP framework, while Nigeria and Ghana have established structured rulesets - providing the legal clarity banks need to interface with digital asset backends. Sponsored by Site.Pro Want to build your own website? Site.Pro lets you create stunning, professional websites without writing a single line of code. Perfect for entrepreneurs, creatives, and businesses ready to go online fast. TechRift. Your trusted source for the latest in blockchain technology, cryptocurrency insights, and digital economy trends.

Stablecoin infrastructure startup Checker has raised $8 million in funding from a range of investors including Galaxy and Framework.

Startup connecting banks to stablecoins raises $8 million and grows in Brazil. The company works in partnership with Braza Bank and brings liquidity to institutions that want to use cryptocurrencies backed by traditional currencies. Editor of Future of Money Published on May 19, 2026 at 2:55 p.m. Follow all about Startups The North American startup Checker Finance, which connects banks and financial institutions to stablecoins, announced it raised $8 million in an investment round led by Galaxy Ventures, AI Mada Ventures, and Framework Ventures. Additionally, the Mexican crypto exchange Bitso also participated in the round. Checker's work allows institutions to incorporate operations with cryptocurrencies and stablecoins into their businesses through a single Application Programming Interface (API). The company was founded in 2023 and says it processed $3 billion in volume over 12 months. * Invest with BTG Pactual's experts combining performance and asset protection. Access the Reserve Value Portfolio in the Mynt app and get a R$50 cashback with the coupon FOM26. In Brazil, Checker operates in partnership with Braza Bank on a cross-border transaction product. Braza Bank issues a dollar stablecoin, USDB, and a real stablecoin, BBRL. Furthermore, the startup claims it is in the process of joining the Brazilian Exchange Association (Abracam). "We spent our careers within platforms that operate 24/7 observing how the existing financial infrastructure is dysfunctional, and we know how much it can improve," said Jack Chong, co-founder of Checker, in a note. Checker allows players in its ecosystem to take and provide liquidity to the system. "A Brazilian bank with strong balance sheet capacity in reais can be a provider in our network in Brazil while also taking liquidity in Chile, Colombia, or Peru," exemplified Sebastian Villanueva, head of sales for Latin America at Checker.