The fund will also support ecosystem development, from policy engagement and evidence generation to cross-sector convening, in order to accelerate market adoption.
Founded in 2020 by Kaoru Kaganoi and co-founder Zachary Petroni (former Safeboda Kenya operators), Peach emerged from years of lived experience in sub-Saharan Africa.
The move, which sees Yellow Card and Visa collaborating on stablecoin use cases in Africa and other emerging markets, is billed as a step forward for financial inclusion.
Despite the proliferation of fintech, e-commerce, and logistics platforms across Africa, a lack of formal addresses remains a blind spot in infrastructure.
The startup says the funding will accelerate product development and customer acquisition as it prepares to meet growing demand for flexible, decentralised energy infrastructure.
Following the departure of Wasoko founder Daniel Yu as CEO late last year, the combined entity is now aggressively reshuffling its regional leadership...
