Canza Finance raises $2.3m to deepen its cross-border trade play
- Canza Finance has closed a $2.3 million strategic round to enable cross-border payments for African startups.
- The funding will be used to acquire licenses across Africa and build its FX DeFi platform, Baki.
- Canza aims to make financial services accessible to businesses and reduce transaction fees through the use of stablecoins and decentralized finance tools.
The neobank Canza Finance is addressing the challenges faced by businesses in African markets by providing a faster and cheaper way to make cross-border payments. By leveraging stablecoins and decentralized finance tools, Canza aims to reduce transaction fees and make financial services more accessible to businesses. This innovative approach has attracted significant funding and has the potential to drive infrastructure development and growth in the African fintech ecosystem.
