Pouchers Scores $500K Pre-Seed Funding for Cross-Border Payments

Pouchers, a Nigerian fintech startup, has secured $500,000 in pre-seed funding to expand its cross-border payments infrastructure. The round was led by Stack Directory LLC and follows Pouchers' exit from beta.

The platform leverages stablecoins such as USDT and USDC across multiple blockchain networks to enable users to hold, send, and spend foreign currencies including USD, EUR, GBP, and CAD.

Pouchers is designed for Nigerian freelancers and remote workers who earn money from international clients. It aims to reduce the fees and hassle associated with receiving cross-border payments through traditional banking channels.