Daya Taps Sui Blockchain for Gasless Stablecoin Transfers in Africa

Sending money across African borders has long been an expensive endeavor, with traditional transfer fees averaging 7.9% or higher. A business wiring $10,000 to a supplier in another country can lose nearly $800 before the money even arrives. Daya, a Lagos-based fintech startup, is tackling this problem by integrating Sui's blockchain to offer gasless stablecoin transfers.

The term 'gasless' refers to Sui's feature that eliminates the need for users to pay fees in the network's native token, SUI, for processing transactions. Instead, the network covers the cost. Since launching in May 2026, Sui's gasless infrastructure has processed nearly $65 billion in fee-free stablecoin transactions.

Daya was founded in October 2025 by Tomiwa “Aleph” Lasebikan and Paul Joe. The company has built a suite of financial tools designed specifically for African businesses: virtual USD accounts, stablecoin wallets, FX tools, and APIs that plug into existing business workflows. Daya raised $2.4 million in an oversubscribed pre-seed round in June 2026.