FUNDING | Stablecoin Infrastructure Firm, Checker, Raises $8 Million to Expand into Africa and Other Markets

Checker, a stablecoin infrastructure startup building tools for financial institutions, has raised $8 million in a funding round led by

• Galaxy Ventures,
• Al Mada Ventures and
• Framework Ventures.

Additional investors included:

Latin American financial firms

• Bitso and
• Airtm,

Africa-focused investor

• DFS Lab

Asian investors

• Onigiri Capital,
• SNZ Capital and
• Velocity,

alongside angel investors from firms including:

• Stripe,
• Tala,
• Flutterwave,
• Mesh,
• ComplyAdvantage and
• Superstate.

Checker said it offers a single API that enables banks, fintechs, and other financial institutions to access:

• stablecoin liquidity,
• cross-border payments,
• treasury services and
• credit products

without integrating multiple providers.

The startup said it is seeking to address fragmentation across digital asset markets where institutions often rely on a patchwork of liquidity providers, compliance systems, and payment rails to operate across jurisdictions.

“We have spent our careers dealing with the existing financial plumbing inside 24/7 global financial institutions,” Checker Co-Founder, Jack Chong, said in a statement.

“We’ve experienced how broken it is, and know how much better it can and should be.

This funding allows us to accelerate our mission to enable financial institutions from Brazil and Kenya, to Hong Kong and the United States, to transform how foreign exchange, payments, trading, and investment products are built. We are incredibly grateful for our customers’ and investors’ trust.”

Regarding artificial intelligence, Checker is developing AI agents for treasury and back-office operations.

“The friction points in fiat on-ramps and off-ramps remain the hardest problem to solve,” says Omar Laalej, General Partner at Al Mada Checker. He claims Checker has addressed this issue by creating a programmable and compliant network.

Checker said it processed more than $3 billion in transaction volume in its first 12 months, representing roughly 1% of annual global B2B stablecoin payments volume. The company said it now serves more than 30 regulated financial institutions across the United States, Europe, Latin America, Africa and Asia.

Clients include:

• Rail, a cross-border payments startup recently acquired by Ripple,
• Braza Bank in Brazil, and
• Belo in Argentina.

The funding comes as investor interest in stablecoin infrastructure accelerates amid growing institutional adoption of tokenized payments and settlement systems. Analysts at Standard Chartered have projected the stablecoin market could grow to $2 trillion by 2028, while JPMorgan estimates the market may reach between $500 billion and $600 billion over the same period.

Checker said it plans to use the new capital to:

• expand its payments infrastructure,
• deepen global currency coverage, and
• develop AI-powered tools

for treasury management, compliance and operational workflows.

Stay tuned to BitKE on stablecoin developments across emerging markets.

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