Accrue, an agent-led stablecoin fintech that operates in several African markets, has launched a banking platform for small and medium-sized businesses, in a move to capture rising demand for faster, cheaper cross-border business payments.
Accrue Business allows businesses to hold, send, and receive stablecoins, collect international payments, and pay suppliers across borders using the same infrastructure that powers Cashramp, the company’s consumer remittance product.
Businesses can create a stablecoin wallet, virtual US dollar and euro accounts, invoicing tools, virtual cards, and stablecoin-based payroll, allowing them to receive international payments, pay suppliers across Africa, Europe, and the United States, manage employee spending, and pay staff directly into on-chain wallets from a single platform, according to Clinton Mbah, co-founder and chief executive officer of Accrue.
“We have seen a lot of success with individuals who haven’t had a reliable, affordable, and fast mobile money way for them to send money across Africa,” Mbah told TechCabal. “Businesses started asking for the same thing.”
Originally published by TechCabal.