Ghanaian fintech startup Seevcash has secured $142,000 in XLM from the Stellar Development Foundation (SDF) through the Stellar Community Fund, an open-application awards program that leverages community input to fund and support Web3 teams building on Stellar. The funding will support product development as the company works to expand access to affordable digital financial services.
The grant is denominated in XLM, the native digital asset of the Stellar blockchain, which is used to facilitate low-cost, fast transactions across borders and between currencies. XLM serves as a bridge asset that enables users to move value seamlessly on the Stellar network without relying on traditional intermediaries.
Founded in 2022 by Dawuda Iddrisu (CEO), Charles Owusu (CPO), and Cosmos Appiah (CTO), Seevcash is building blockchain-powered tools that allow users to create a U.S. bank account, send and receive money, invest, and transfer funds at low cost within one platform.
“This funding positions us to accelerate our growth,” said Dawuda Iddrisu, CEO of Seevcash. “Seevcash was inspired by my aunt and uncle’s experience in Ghana, where high interest rates and rigid KYC requirements kept them from accessing traditional banking. That inspiration turned personal after I encountered similar frustrations in the U.S. It became clear that the problem isn’t local, there are unbanked people everywhere. Our mission is simple: to make moving money effortless, affordable, and accessible for everyone.”
According to the company, the new funding will be used to scale its Send and Request Money feature, strengthen app security, and expand to reach more users globally. Seevcash also plans to leverage stablecoins on the Stellar network to provide cross-border payment solutions that are transparent, secure, and user-friendly.
Seevcash’s growth highlights the role of emerging African fintechs using blockchain infrastructure to bridge financial access gaps and connect local users to global payment systems.
