VitalSwap expands into remittances and stablecoin payments: can it make moving money across africa cheaper? Super Admin Sending money from the United States to Nigeria should be straightforward. Yet fees, exchange-rate differences and settlement delays can reduce how much families receive and complicate payments for businesses. VitalSwap, a cross-border payments fintech, is expanding beyond high-value transactions to target everyday remittances and stablecoin payments, aiming to make international money transfers more accessible to individuals and businesses. Previously focused on transactions ranging from $5,000 to $5 million, the company is extending its services to smaller transfers for family support, travel, healthcare and school fees. From large transactions to everyday remittances. VitalSwap is strengthening its US-to-Nigeria remittance corridor through a partnership with payments company Veem and extending its remittance infrastructure to Ghana. Under the arrangement, Veem collects funds from US customers, while VitalSwap handles settlement in Nigeria. Founder Akinsola Jegede said the partnership also helps the company serve customers in US states where it was not previously licensed. The company says customers sending $200 by bank transfer can avoid an additional transaction fee and access competitive exchange rates, while card payments typically attract a fee of about $3. Actual costs and exchange rates depend on the transaction. This matters because even small differences can add up for families receiving regular diaspora support. However, senders should compare the final amount received, including all applicable fees and exchange-rate margins, rather than relying on advertised transfer charges alone. Stablecoins give businesses another payment route. VitalSwap has also introduced stablecoin checkout for businesses, allowing merchants to accept supported digital assets, including USDT and USDC. A Nigerian freelancer paid by an overseas client in USDC, for example, can use the service to convert the supported stablecoin into naira and withdraw the funds to a local bank account. Businesses can create payment links without integrating the system into their websites, while companies needing a more customised setup can use technical integration options. Jegede said the service charges 0.8% per transaction, with either the sender or recipient able to pay. VitalSwap reported $600,000 in payment volume during a pilot with selected customers and businesses. Can VitalSwap scale reliably? The company says it serves more than 30,000 users across over 30 countries, processes approximately ₦1.1 billion in monthly payment volume and has around 11,000 monthly active users. But growth will depend on more than adding payment options. Startups and businesses need transparent pricing, reliable settlement, appropriate regulatory coverage and clear processes for handling failed transactions. Stablecoin payments also require users to understand conversion costs and the risks associated with digital assets. Last note from startup lagos. VitalSwap is betting that combining traditional remittances with stablecoin payments can help solve different cross-border payment needs. Its long-term value will depend on whether customers consistently receive their money affordably, securely and on time. Would you trust a fintech that combines bank transfers and stablecoin payments to move money across borders, or would you prefer traditional remittance services? Share your thoughts in the comments. About super Admin. A seasoned professional with deep expertise in the African tech ecosystem. Passionate about sharing insights and helping founders navigate the startup journey.

VEEM Ltd Reports FY26 Revenue of $51.7M and EBITDA of $3.6M at Annual General Meeting. VEEM Ltd (ASX:VEE) revealed its full-year FY26 financial outcomes during the Annual General Meeting presentation on 20 October 2026, announcing revenue of $51.7 million, hitting the top of its forecast range of $50 million to $52 million, alongside EBITDA of $3.6 million, also at the high end of guidance between $3.25 million and $3.75 million. Key highlights. * FY26 revenue reached $51.7 million, aligning with the upper guidance limit, down from $68.6 million in FY25 due to reduced gyro and propeller sales and postponed ASC orders. * FY26 EBITDA stood at $3.6 million, matching the top of the guidance range, compared to $9.1 million in FY25. * Operating cash flow for FY26 was $4.8 million, with net debt at $1.2 million as of 30 June 2026. * Sales in the second half of FY26 rose 21% to $28.3 million from $23.4 million in the first half. * No final dividend was issued for FY26. FY26 financial performance summary. VEEM reported total activity - comprising sales plus changes in work in progress - of $54.2 million for FY26. The company held $9.4 million in cash and had $7.5 million in undrawn credit facilities. Net debt decreased by $12.5 million to $1.2 million at 30 June 2026, following net capital raise proceeds of $13.1 million offset by $2.4 million in new capital equipment debt. The EBITDA margin for the year was 6.9%. The company declared no final dividend for FY26. Comparison of first and second half FY26 results. The filing highlighted a marine market slowdown and delays in ASC orders during the first half of FY26. However, second-half sales improved to $28.3 million, a 21% increase over the first half's $23.4 million. EBITDA in the second half was $3.8 million, reversing a negative $0.2 million in the first half. The report noted that deliveries for the ASC contract commenced during this period, with propeller orders gaining momentum in the latter half of FY26. Revenue influences and ASC contract progress. The report attributed the FY26 revenue decline from $68.6 million in FY25 to reduced gyro and propeller sales and delays in ASC order receipts. It confirmed that ASC contract deliveries are underway and that the marine market, which experienced a first-half slowdown, showed improvement during calendar year 2026. Operating cash flow remained robust at $4.8 million, supported by ASC contract deliveries and increased propeller orders in the second half of FY26.