As stablecoin adoption accelerates across Africa, Nigerian fintech infrastructure provider Fincra is doubling down on its pan-African ambitions. The company has secured a Third Party Payments Provider (TPPP) licence in South Africa, in partnership with Nedbank, giving it full regulatory clearance to offer local payment services in one of Africa’s largest fintech markets.
A New Milestone: Full Regulatory Access in South Africa
With the TPPP licence, Fincra is now authorised to process:
- Credit and debit card payments
- EFT (Electronic Funds Transfer) credits
- Real-Time Clearing (RTC)
- Rapid payments
This approval marks a critical regulatory win, enabling Fincra to integrate directly with South Africa’s banking infrastructure. Businesses using Fincra can now benefit from faster settlement times, increased reliability, and full compliance with South African financial regulations.
“Securing the TPPP licence in South Africa is a significant step toward realising our mission to build the rails for an integrated Africa,” said Ayowole Ayodele, CEO and Co-Founder of Fincra.
Strategic Hire: Ex-Binance & Bundle Exec Joins the Mission
Coinciding with the licensing milestone is the appointment of Emmanuel Babalola – former Binance Africa Director and ex-CEO of Bundle – as Chief Commercial and Growth Officer. Babalola’s addition signals Fincra’s sharpened focus on growth, compliance, and deepening its role in the crypto-payments ecosystem across Africa.
“My mission has always been to enable freedom and prosperity for Africa through technology,” said Babalola. “Fincra is at the forefront of building the payment infrastructure powering the next generation of businesses and entrepreneurs.”
Bridging Traditional and Crypto Rails
Founded in 2021, Fincra provides API-driven infrastructure that powers payments for remittance firms, e-commerce platforms, fintechs, and logistics providers. With over $10 billion in transaction volume since 2023, Fincra’s infrastructure has become critical for B2B platforms operating between fiat and digital currencies.
Current clients include:
- LemFi
- OneLiquidity
- Cleva
These partners, many of them crypto-native or stablecoin-focused, rely on Fincra to enable fiat-to-stablecoin conversions, collections, and settlements across fragmented payment markets like Nigeria, Kenya, Ghana, and now South Africa.
Positioning for Africa’s Stablecoin Future
With demand for compliant, crypto-friendly infrastructure rising, Fincra is positioning itself as a key enabler for Web3 companies expanding into Africa. The South African licence strengthens its compliance stack and puts it in a stronger position to compete with fintech giants like Ozow, Peach Payments, and Yoco, with a distinct edge in cross-border transactions and crypto support.
“This is a game-changer for businesses looking to expand or operate in the region,” said Babalola. “It’s a strong signal of Fincra’s continued focus on enabling growth for our customers.”
As Africa’s digital finance ecosystem matures, the real battle is shifting to the infrastructure layer. And with new regulatory wins and strategic hires, Fincra is quickly becoming the backend powering Africa’s stablecoin revolution.
