WalaPay Raises $4.6 Million to Revolutionize Cross-Border Payments

A South African fintech startup, WalaPay, has announced a successful seed funding round of $4.6 million led by 4DX Ventures and JAM Fund. This investment will fuel the company’s expansion into new markets and accelerate development of its stablecoin payment infrastructure.

WalaPay was founded by Tricia Martinez to provide businesses with a seamless way to send and receive international payments using dollar-pegged stablecoins. Since launching, the platform has processed over $2.5 billion in transaction volume across Latin America, Africa, and Asia—demonstrating strong traction in emerging markets.

The startup’s solution converts traditional currencies into stablecoins for cross-border settlements, significantly reducing costs and processing times compared to conventional methods. This addresses a major pain point for businesses operating internationally, particularly those in regions with less developed financial infrastructure.

The funding round included participation from angel investors—including executives from Coinbase and Solana—signaling confidence in WalaPay’s potential to disrupt the global payments landscape. With this investment, WalaPay is positioned to become a leading provider of stablecoin payment solutions for businesses seeking faster, cheaper, and more transparent international transactions.