FX Problems?
We’ve seen it,
We’ve felt it &
We’ll solve it!
Building with an amazing team & backed by a progressive chain & community on @avax, I’m quite certain of this!
Great story by @j_mintys
“Pick your cofounder wisely, pick someone you like because at the end of the day, you’re looking at them from a human perspective.” - Agbona Igwemoh
Two entrepreneurs from Nigeria met at a wedding, immediately realized they had a shared vision, and now they’re building @ChissProtocol an Avalanche protocol to transform FX markets in Africa & Turkey.
Here’s their story 👇
When a central bank goes from banning crypto to writing "stablecoin" 68 times in a single policy document, that's not a trend.
That's a structural shift. We saw this coming. That's why we're here.
The Central Bank of Nigeria (CBN) mentioned stablecoin(s) at least 68 times in its newly releasedPayments System Vision 2028 (PSV 2028). For a regulator that once wanted banks nowhere near cryptocurrency businesses, this is a remarkable shift.
https://t.co/icritR7X7r
In February 2021, the CBN instructed banks and other financial institutions to close accounts associated with crypto transactions. At the time, the regulator argued that cryptocurrencies posed risks to financial stability, money laundering controls, and consumer protection.
Five years later, the same institution is proposing an enabling framework for stablecoins to become part of Nigeria’s regulated payments infrastructure.
Q2 is almost over.
You had a plan. You had a spreadsheet. Then life happened.
Fuel. Aso ebi. Someone's birthday showing up uninvited.
But Q2 isn't done yet. You still have time to finish well.
Proud of what this team has built in H1. H2 is going to be bigger.
We've also been quietly building something on the B2B side for the past 8 months. Closed beta is done, and we're now onboarding partners.
Can't wait to show the world what it is.
While you’re busy building a founder persona and optimising for optics to attract foreign VCs, another founder is busy building distribution, users, and revenue.
One day you’ll meet in the market and wonder why they’re so far ahead.
The team behind @ChissProtocol is now fully here.
18 months of infrastructure work. A full FX dApp live on @avax Fuji. One clear-eyed decision to put everything behind the product already in the market.
@FinnaHQ. Stablecoin rails for Africa. We are just getting started.
The pay-as-you-go business model is back. Gen AI tokens brought it back. SAAS and subscription are in for some reckoning.
By the way, who saw that Stripe is now enabling dynamic pricing and setting ROI-based markups for SaaS pricing? The pay-per-seat model is dying, and many people aren't watching.
Just wrapped final internal testing on something we've been quietly building at Finna.
Can't say much yet. But watching real users move through it for the first time, I think we're about to change how stablecoins work in this market.
Bullish!
The future of fintech isn't being built in New York or London.
It's Nairobi. Lagos. Dar es Salaam.
Africa isn't the emerging market anymore. It's the market.
We've known this at Finna. That's why we're here.