Cloud9 Raises Funding to Build Stablecoin-Powered Banking Platform

Kenyan fintech startup Cloud9 has secured an undisclosed investment from crypto and fintech accelerator Alliance, bringing its total funding to $1 million. The company is developing a cross-border payment and banking platform specifically designed for African businesses that trade internationally.

Addressing Key Pain Points for Importers

African businesses import over $20 billion annually, facing challenges like:

• High bank transfer fees (often 5-10%)
• Settlement delays of up to 7 days
• Complex account-opening processes
• Limited currency options

Cloud9 offers a mobile platform supporting multiple currencies including KES, USD, EUR, GBP, and CNY. Businesses can pay suppliers in over 100 countries through virtual accounts and receive international payments with guaranteed settlement times.

Leveraging Stablecoin Technology

The platform utilizes stablecoins to reduce reliance on traditional banking networks, offering:

• Faster settlements (within hours instead of days)
• Lower fees (potentially reducing costs by 50-75%)
• Increased transparency in transaction tracking

While regulatory frameworks and liquidity remain important considerations for stablecoin adoption, Cloud9 aims to provide a more efficient alternative for international trade finance.

Additional Features & Services

Beyond payments, Cloud9 offers:

• Business accounts with integrated payroll and bulk transfer capabilities
• Savings vaults and access to global stock markets through Cloud9 Wealth
• Planned virtual and physical payment cards for greater spending flexibility

With over 25,000 accounts created since launch in early 2026, Cloud9 is showing promising traction among African entrepreneurs seeking better ways to manage international transactions.