Rach Finance Aims to Simplify Stablecoin Use in Africa

Rach Finance, a startup founded by Keji Pius and Martins Chigoziem, is working to simplify the use of stablecoins in Africa. The company's core product is a payment gateway that allows merchants to accept stablecoins directly, eliminating the need for conversion into local currencies.

The platform currently serves seven merchants across various industries, including food delivery, healthcare, and entertainment. According to Pius, the startup has processed over $250,000 in transactions since its launch.

Rach Finance's payment gateway is non-custodial, meaning that merchants retain control of their wallets and recovery phrases. The company charges a transaction fee of around 0.06%, with revenue increasing as payment volumes scale.

The startup is also exploring white-label partnerships with merchant aggregators to bundle crypto payments into existing checkout flows. Beyond merchant payments, Rach Finance offers additional products, including a decentralised exchange for trading stablecoins and an over-the-counter desk for businesses moving large volumes between African currencies and stablecoins.