Accrue targets African businesses with stablecoin-powered cross-border banking platform

For Clinton Mbah, co-founder and CEO of Accrue, the launch of Accrue Business is a dream come true. After witnessing the success of Accrue's consumer remittance product, Cashramp, which has made it easier for individuals to send money across Africa, Mbah knew it was time to bring the same convenience to small and medium-sized businesses. "Businesses started asking for the same thing," Mbah told TechCabal, highlighting the growing demand for faster, cheaper cross-border business payments.

Africa's cross-border payments market is booming, with a whopping $329 billion processed in 2025, according to a report by venture capital firm Oui Capital. And the growth is expected to continue, with the market projected to reach $1 trillion by 2035. It's no surprise, then, that fintechs are scrambling to find innovative solutions to solve cross-border payment bottlenecks. Stablecoins, digital currencies pegged to the value of traditional currencies, are emerging as a popular choice. By leveraging stablecoins as settlement infrastructure, fintechs like Accrue can route a significant chunk of those transaction flows.

While other fintechs like Grey, Flutterwave, and Raenest offer stablecoin-powered payment products, Accrue is taking a different approach. Building on its agent network that already moves money across 15 African countries, Accrue uses stablecoins as the settlement infrastructure, while local agents provide liquidity on both sides of a transaction. This model allows Accrue to bypass traditional payment intermediaries and banking partners, enabling the startup to charge businesses lower fees.

Accrue Business offers a range of features that make it an attractive option for small and medium-sized businesses. 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 borders, manage employee spending, and pay staff directly into on-chain wallets from a single platform. By providing a single, centralized platform for cross-border payments, Accrue Business aims to streamline the payment process, reducing costs and increasing efficiency.

As Accrue Business launches, it joins a growing list of fintechs that are positioning stablecoins to route a significant chunk of Africa's cross-border transaction flows. With the market expected to reach $1 trillion by 2035, the opportunities are vast. However, as the market expands, it's likely that we'll see more competition and innovation in the space. Accrue's unique approach to stablecoin-powered payments may give it an edge, but it's too early to tell if the startup will be able to maintain its momentum.

As Accrue continues to expand its agent network, I predict that this will be a key driver of growth for the startup. By leveraging local agents to provide liquidity on both sides of a transaction, Accrue can bypass traditional payment intermediaries and banking partners, reducing costs and increasing efficiency. With a growing demand for faster, cheaper cross-border business payments, Accrue's agent network is poised to play a critical role in meeting this demand.

**Accrue's cross-border banking platform is a turning point for Africa's small businesses, offering a range of features that make it an attractive option for companies looking to streamline their payment processes.