Nigerian Fintech Stabyl Raises $2.7M to Solve Africa’s FX Liquidity Gap

Nigerian startup Stabyl has closed a $2.7 million pre-seed round to build institutional-grade foreign exchange infrastructure for banks and payment companies operating across African currency corridors. The round was led by Konga, which will also serve as Stabyl’s first real-world test case and naira settlement partner through KongaPay. The startup was co-founded by Prince Nnamdi Ekeh, Zachary Schwartzman, and Michael Anyi.