Finna

Finna is a multi-utility stablecoin platform designed to bring borderless financial access to individuals and businesses in Africa and other emerging markets. Founded in 2023 and headquartered across Delaware, Lagos, and Singapore, the project aims to simplify on-ramps, off-ramps, lending, and cross-border transfers using dollar-pegged stablecoins as the core unit of value.

The Problem Finna Addresses

For users in Nigeria and similar markets, holding value in local currency is costly: inflation erodes savings and traditional cross-border transfers extract steep fees. Accessing credit is equally difficult — informal lenders charge as much as 30% per month in interest. At the same time, crypto holders face the dilemma of selling digital assets to meet immediate fiat needs. Finna positions stablecoins as the practical middle layer: a borderless store of value that can be spent locally, used as loan collateral, and sent internationally at low cost.

Core Products

Finna Swap lets users move instantly between fiat currency and stablecoins. The platform advertises zero fees and no slippage on conversions, with simplified KYC onboarding designed for markets where traditional bank onboarding is a barrier. Finna's early network relied on Celo-native stablecoins (cUSD), and the project received grants from both the Celo Foundation and Circle.

Finna Lend is the platform's collateral lending product. Users deposit stablecoins as collateral to receive fiat loans without credit checks or paperwork. Loans carry a 4% interest rate — a fraction of informal lending rates common in Nigeria — and the collateral is released immediately upon repayment. Lending saw over 150% month-over-month volume growth in September 2024, one of the platform's strongest growth periods.

Global Transfers and Cards round out the ecosystem. Finna allows users to receive USDC from senders abroad and convert it directly to local currency, cutting out expensive traditional remittance corridors. A virtual and physical card product supports global spending and local ATM withdrawals.

Recent Milestones

Finna launched its iOS and Android applications in 2024 and saw approximately 200% growth in downloads in September of that year alongside a 20% increase in total users. The platform was recognized by AppAfrica as one of the top Web3 apps to watch in Africa and has been featured by Cointelegraph.

In January 2026, Finna shipped a significant platform redesign it called The New Finna, introducing a social-first interface and a feature called Finna Tags — user-readable identifiers that simplify stablecoin payments by replacing wallet addresses. That launch coincided with record transaction volumes.

In May 2026, the Chiss Protocol team — which had been building a decentralized FX settlement protocol — completed development and consolidated its work into Finna on Avalanche. This integration extended Finna's blockchain footprint beyond Celo to include Avalanche mainnet.

Finna has also partnered with Noble, the USDN issuer, supporting Noble's Nigeria launch with a keynote from Finna's marketing lead. The team has been selected for the Magma2 Founders' Residency program in Kenya, a cohort-based initiative focused on African fintech innovation.

Funding and Backing

Finna raised $100,000 in an oversubscribed angel, family, and friends round. Beyond equity, the project secured grants from the Celo Foundation and Circle, and holds a formal seat in the Circle Alliance Program — a global network of organizations building USDC-powered financial inclusion products. Finna is also licensed through Lendu Services for money lending operations.

Team and Scale

Finna is a small, early-stage company. The lead founder is Agbona Ag Igwemoh (known as A.G.), who has appeared in Celo community events and Twitter Spaces sessions discussing stablecoin infrastructure in Africa. The team is described as having 1-10 employees. The platform claims more than 6,000 businesses in its user base.

Market Context

Nigeria ranked second globally in the Chainalysis 2024 Crypto Adoption Index, having received nearly $60 billion in digital assets between July 2023 and June 2024. Nigeria's 2025 Investment and Securities Act brought virtual assets under SEC oversight, providing a clearer regulatory framework for stablecoin platforms. Finna's model — low-cost lending in naira against stablecoin collateral, paired with cheap international transfers — targets a meaningful gap in how emerging-market users convert between crypto and fiat.

An upcoming product, USD Waya, is positioned as Finna's dedicated global remittance tool, offering stablecoin-powered cross-border payments with a preview already live in the web application.