Accrue Targets African SMEs with Stablecoin Payment Solution

Accrue, a fintech specializing in stablecoin-powered financial services across Africa, has launched a new banking platform specifically designed for small and medium-sized enterprises (SMEs). This move aims to meet the growing demand for faster, cheaper cross-border business payments on the continent.

The Accrue Business platform allows companies to manage stablecoins, create virtual accounts in multiple currencies, generate invoices, issue virtual cards, and even handle payroll—all from a single interface. According to Clinton Mbah, co-founder and CEO of Accrue, this comprehensive solution enables businesses to:

• Receive international payments quickly and affordably
• Pay suppliers across Africa, Europe, and the US
• Manage employee spending with virtual cards
• Issue stablecoin-based payroll directly to on-chain wallets

Stablecoins Address Growing Payment Needs

Accrue’s launch comes at a time when more African fintechs are adopting stablecoins to address cross-border payment challenges. A recent report by Oui Capital projects that Africa’s cross-border payments market could grow from $329 billion in 2025 to reach $1 trillion by 2035—creating significant opportunities for innovative solutions like Accrue Business.

Unique Agent-Led Approach

What sets Accrue apart is its agent network model. Rather than directly providing liquidity, Accrue connects businesses with local agents who facilitate currency conversions on both ends of a transaction:

• When a business in Ghana sends money to Nigeria, it’s matched with a Ghanaian agent who converts Cedis into stablecoins
• The payment is then settled by a Nigerian agent converting Naira back into stablecoins

This approach allows Accrue to charge competitive fees—around 1% for transactions and 0.5% or less for US dollar payments—while retaining the majority of transaction margins to incentivize its network of agents.

Building a Trusted Network

Accrue’s agent model prioritizes trust and security by:

• Vetting all agents with established track records
• Matching each payment request to an approved agent
• Requiring strong settlement performance for continued access to the platform

The network expands organically through referrals from existing agents, many of whom earn supplemental income upwards of $150 monthly by facilitating transactions.

With its innovative approach and growing network, Accrue is positioned to capture a share of Africa’s rapidly expanding cross-border payments market while providing businesses with more efficient and affordable financial solutions.