Stablecoin payments infrastructure startup Checker has raised $8 million in fresh funding as it accelerates expansion plans across Africa and Asia, underscoring growing investor confidence in blockchain-based financial infrastructure for emerging markets.
The funding round was led by major investors including Galaxy Ventures, Framework Ventures, and Al Mada Ventures. Additional backing came from regional investors such as DFS Lab in Africa and several Asian venture firms. The company said the capital will help scale its stablecoin liquidity network, deepen regulatory partnerships, and expand operations in key markets, including Kenya, Hong Kong, Brazil, and the United States.
Checker provides financial institutions and fintech companies with a single API that connects them to stablecoin liquidity, cross-border payment rails, treasury services, and digital asset infrastructure. The startup aims to simplify the fragmented stablecoin ecosystem, where institutions often need to integrate multiple providers for compliance, liquidity management, and fiat on- and off-ramp services.
According to the company, its platform has processed more than $3 billion in transaction volume over the last 12 months and now serves over 30 regulated financial institutions globally. Clients reportedly include cross-border payments firm Rail, Brazilian lender Braza Bank, and Argentine fintech Belo.
Checker’s expansion comes as stablecoins increasingly gain traction in emerging markets, particularly in Africa and Asia, where businesses and consumers are seeking faster and cheaper alternatives to traditional banking systems. Stablecoins — cryptocurrencies pegged to fiat currencies like the U.S. dollar — are widely used for remittances, foreign exchange settlements, and international trade payments.
The company’s co-founder, Jack Chong, said Checker wants to help institutions modernize outdated financial infrastructure and scale globally without dealing with the complexity of integrating multiple payment and liquidity providers.
Investor interest in stablecoin infrastructure has surged in recent years as global payment giants and fintech firms race to integrate blockchain-powered financial services. Analysts believe Africa and Asia could become major growth regions for stablecoin adoption due to high remittance flows, currency volatility, and increasing demand for digital financial solutions.
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