African fintech startup Accrue has launched Accrue Business, a stablecoin-powered banking platform designed to help small and medium-sized businesses send, receive, and manage cross-border payments more efficiently.
The new platform enables businesses to hold stablecoins, receive international payments, pay suppliers across multiple countries, issue invoices, create virtual U.S. dollar and euro accounts, manage employee spending with virtual cards, and run stablecoin-based payroll, all from a single platform.
The product builds on the infrastructure behind Cashramp, Accrue’s consumer remittance service, as the company expands from serving individuals to supporting businesses with international payment needs.
“We’ve seen strong demand from individuals looking for affordable and reliable ways to send money across Africa,” said Accrue Co-founder and CEO Clinton Mbah. “As our consumer business grew, businesses began asking for the same solution.”
The launch comes amid growing interest in stablecoins as a faster and more cost-effective alternative for cross-border payments.
Africa’s cross-border payments market processed an estimated $329 billion in 2025 and is projected to reach $1 trillion by 2035, creating significant opportunities for fintech companies developing new payment infrastructure.
Accrue joins a growing list of African fintechs using stablecoins to simplify international transactions, allowing businesses to collect overseas payments, hold foreign currency balances, and pay suppliers across different markets.
Unlike traditional payment providers, Accrue relies on a network of local agents operating across more than 15 African countries.
When a customer initiates a transfer, a local agent converts the sender’s local currency into stablecoins. Another agent in the destination country then converts those stablecoins into the recipient’s local currency, allowing payments to settle without relying on traditional banking intermediaries.
According to Mbah, this approach reduces costs while improving transaction speed.
Accrue itself does not provide the liquidity needed for each transaction. Instead, its network of vetted agents supplies the funds required to complete transfers. Businesses are charged around 1% per transaction, while U.S. dollar payments typically attract fees starting from 0.5%, depending on transaction volume.
The company says removing traditional payment processors from the transaction chain has also helped keep fees on its consumer remittance service low.
To minimise risk, Accrue works with a closed network of carefully vetted agents whose performance is monitored over time.
Agents with strong settlement records continue receiving transaction requests, while those who consistently perform well can qualify for stablecoin credit lines, allowing them to process larger payments without providing the full liquidity upfront.
The company says many agents join through referrals, helping it expand into new markets while maintaining quality and keeping customer acquisition costs low.
According to Mbah, many agents earn more than $150 per month, with income depending largely on the liquidity they contribute and the number of transactions they process.
Accrue says the model has driven rapid growth for its consumer remittance business, with transaction volumes increasing significantly over the past two years.
Since launching, the company has processed between $70 million and $100 million in total transaction volume, including stablecoin deposits, withdrawals, and foreign currency transfers. Cashramp accounts for between $30 million and $50 million of that total.
The company is now extending the same infrastructure to businesses.
Accrue Business currently processes between $600,000 and $700,000 in monthly transaction volume through its API, web platform, and recently launched mobile application.
The platform is aimed primarily at sole proprietors and small businesses that regularly make international payments but remain underserved by traditional financial institutions. Current transaction limits range between $150,000 and $250,000, with plans to increase that ceiling as liquidity grows.
Accrue has steadily expanded its presence across the continent following its $1.58 million seed funding round in early 2025.
The company now operates in more than 15 African countries, with its strongest payment corridors in Nigeria, Ghana, Kenya, and Cameroon.
Recent expansion has also taken the company into Cameroon, Benin, Togo, Burkina Faso, Mali, Uganda, Tanzania, Rwanda, Zambia, while onboarding liquidity partners in Zimbabwe.
According to the company, its strategy is to focus on underserved markets where demand for cross-border payments and stablecoin services remains high but competition is relatively limited.
Part of the funding raised in 2025 is being used to strengthen liquidity across its agent network and support further expansion. As the network grows, Accrue plans to increase business transaction limits to approximately $500,000, enabling larger companies to move higher payment volumes across borders.