Nigerian Fintech Accrue Launches Stablecoin Banking Platform for African SMEs

Nigeria-based stablecoin fintech Accrue has launched Accrue Business, a banking platform designed to help small and medium-sized businesses manage cross-border payments more efficiently. The platform enables businesses to hold, send and receive stablecoins, collect international payments, pay suppliers across multiple markets and manage payroll through a single platform.

The new offering builds on the infrastructure behind Cashramp, Accrue’s consumer remittance platform, which already operates across 15 African countries. According to co-founder and CEO Clinton Mbah, businesses using Cashramp began asking for the same fast and affordable cross-border payment services that individual customers already had access to, prompting the company to expand into business banking.

Business Payment Platform

Accrue Business combines stablecoin wallets, virtual US dollar and euro accounts, invoicing tools and virtual cards in one platform. Businesses can receive international payments, pay suppliers across Africa, Europe and the United States, manage employee spending and process payroll without relying on multiple financial service providers.

The launch comes as more African fintechs adopt stablecoin infrastructure to simplify cross-border payments. Accrue joins companies such as Flutterwave, Grey and Raenest, which are expanding stablecoin-based financial services for businesses operating across multiple markets.

How the Platform Works

Accrue’s approach differs from many fintechs that rely on traditional banking infrastructure. Transactions are settled through an agent network operating across more than 15 African countries, where local agents provide the liquidity needed to complete payments while stablecoins serve as the settlement layer. The company says the model helps reduce costs and improve transaction speeds.

Since launching, Accrue says it has processed between US$70 million and US$100 million in total transaction volume across its platform. Accrue Business is currently handling between US$600,000 and US$700,000 in monthly transactions as the company continues expanding its services across African markets.