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Canza Finance Secures $2.3M Funding to Revolutionize Cross-Border Payments in Africa 🌍💸

Canza Finance Secures $2.3M Funding to Revolutionize Cross-Border Payments in Africa 🌍💸

#finance
#fintech
#finance
#startup
#payments
#funding
#web3
Canza Finance, the Web3 neobank, has raised $2.3 million in a strategic round led by Polychain Capital, aiming to simplify cross-border payments for African startups. With plans to acquire licenses across the continent and introduce its innovative FX DeFi platform, Baki, Canza aims to empower businesses with faster, cost-effective international transactions. The startup, having raised a total of $5.5 million, envisions providing financial services typically reserved for large corporations to businesses in markets like Nigeria, Cameroon, and Senegal.

Canza Finance, a Web3 neobank, has secured $2.3 million in a strategic funding round, bringing its total funding to $5.5 million. The startup plans to use the funds to acquire licenses from financial regulators across Africa and develop its FX DeFi platform, Baki. Canza aims to simplify cross-border payments for African businesses, providing them with access to financial services traditionally available only to large corporations. The company processes transactions worth $2 million weekly, charging a 1% fee, and plans to further reduce transaction fees to 0.2% through the introduction of its synthetic FX exchange, Baki.


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