Blockradar

Blockradar is a Wallet-as-a-Service (WaaS) company that gives fintech builders a complete stablecoin infrastructure stack through a single API. Founded in the second half of 2024 by Abdulfatai Suleiman and Morgan Williams, the Nigeria-rooted startup lets companies programmatically issue non-custodial wallets, send and receive USDC and USDT, screen transactions for AML compliance, and manage treasury flows — without constructing any blockchain plumbing themselves. Its tag line states the product goal plainly: "No complexity. Just secure wallet infrastructure for fintechs."

Founding Story

CEO Abdulfatai Suleiman built Blockradar after an earlier crypto venture. His previous company, Lazerpay, was a crypto payments startup for African merchants that ultimately shut down. The lessons from that attempt shaped Blockradar's design philosophy: abstract every friction point, make compliance automatic, and price for volume growth rather than upfront engineering commitment.

Morgan Williams, a former Coinbase operations lead, joined as co-founder and COO. Williams brought operating experience in fintech across multiple continents and had been working with the team since Blockradar's earliest stages. Together they ran a private beta that issued 15,000 wallets and processed $32 million across four continents before the platform launched publicly in early 2025.

What the Platform Does

Blockradar's architecture follows a master-wallet-and-child-address model. When a fintech client onboards, Blockradar generates dedicated non-custodial wallet addresses for each of that client's end users. The platform is non-custodial by design — Blockradar never holds funds. Deposits are detected in real time and reported to the client via webhooks. Automatic sweep logic consolidates balances into treasury accounts, keeping reconciliation clean without manual intervention.

Six product modules make up the full stack:

Treasury Management: Automated asset sweeping and settlement optimization let treasury teams set rules once and let the platform handle routing. Fintechs running cross-border payment corridors use this to maintain stablecoin liquidity without continuous manual top-ups.

Gasless Transactions: Blockradar sponsors native network fees on behalf of end users, removing the requirement for users to hold ETH, BNB, or SOL before they can transact. For consumer-facing applications in markets where users are unfamiliar with gas mechanics, this feature eliminates a major drop-off point.

Real-time AML Screening: Every wallet address is screened against OFAC, FBI, Tether, and Circle blocklists before settlement completes. Transactions can be automatically flagged or blocked, and the screening log is available to clients for their own compliance reporting.

Omni-chain and Multi-asset Support: A single API call specifies chain and stablecoin. Supported networks include Ethereum, BNB Chain, Solana, Base, Celo, Tron, Optimism, and Lisk. Supported stablecoins span USDT, USDC, DAI, EURC, cNGN (Nigeria), IDRX (Indonesia), and MXNB (Mexico), with regional stablecoin coverage expanding throughout 2025 and 2026.

Checkout Infrastructure: Blockradar generates branded payment links and embeds that fintech clients can hand directly to their end customers. Virtual account issuance links on-chain addresses to local bank account numbers, enabling users in markets like Nigeria and Colombia to fund stablecoin wallets via standard bank transfers.

Blockradar Gateway: Announced in August 2025 as a Day-One Partner for Circle's Cross-Chain Transfer Protocol (CCTP), the Gateway enables native USDC movement across supported chains without wrapped-token intermediaries. For fintechs settling across multiple corridors, this means USDC from Base can move directly to Solana or Celo without the bridge risks associated with synthetic asset wrapping.

Markets and Customers

Blockradar targets the segment where traditional finance is weakest: cross-border corridors in Africa, Latin America, the Middle East, and Southeast Asia. The use cases it serves cluster around four categories — cross-border B2B payments, global remittances, on/off-ramp services, and stablecoin savings products.

Named clients on the platform include Azza, RiseVest, Shiga, RhinoFi, and Arc. The broader customer base spans neobanks, gig economy payout platforms, and crypto exchanges that lack the engineering resources to manage multi-chain wallet state themselves.

Growth Trajectory

Blockradar's scaling has been fast by any standard. During private beta, the platform issued 15,000 wallets and processed $32 million across four continents. By August 2025, the count had grown to more than 40,000 wallets, over 100 fintech clients across eight countries, and more than $100 million in cumulative stablecoin volume.

By December 2025, cumulative transaction volume had reached $305 million across nearly 500,000 individual transactions, with approximately 97,000 non-custodial wallets created for fintech partners. In August 2026, the company announced it had crossed $1 billion in total transaction volume, with its infrastructure serving hundreds of fintechs across more than 20 countries. That milestone arrived roughly twelve months after the platform had processed its first $100 million.

In June 2025, Blockradar won the pitch competition at the Crypto Valley Global Conference in Zug, Switzerland — the only African company in the field — and secured $1.2 million in soft investor commitments. The company has otherwise remained bootstrapped.

Business Model

Pricing follows a subscription model tiered from a free entry level to enterprise contracts, with monthly costs scaling by wallet issuance volume and transaction throughput. This structure lets smaller fintechs experiment at no upfront cost and graduate to paid tiers as transaction flow grows.

Regional Expansion

Blockradar's 2026 product releases have focused on deepening local currency rails alongside stablecoin support. In May 2026 the platform added MXNB — the Mexican peso-backed stablecoin — to its asset list, following earlier support for cNGN and IDRX. In July 2026, Blockradar integrated Colombian bank transfer rails and Bre-B network connectivity, allowing Colombian fintechs to automatically convert COP bank deposits into USDC or USDT on-chain. These additions reflect a strategy of pairing stablecoin infrastructure with the local payment rails that end users already trust.

Solana Integration

Solana is one of Blockradar's eight supported networks. The platform's gasless transaction feature — which removes the requirement for users to hold SOL before transacting — is particularly relevant in Solana's consumer-facing context, where prefunding requirements have historically created friction for users new to crypto. USDT and USDC transfers on Solana are accessible through the same API surface as every other supported chain, giving Blockradar clients a path to Solana's settlement speed and low base fees without building a native Solana integration themselves.