Seevcash Raises $333K for African Remittance Expansion

Ghanaian fintech innovator Seevcash has successfully secured $333,000 in funding, bolstering its mission to streamline remittance and peer-to-peer money transfers for diaspora communities. The capital injection, primarily sourced through multiple grants from the Stellar Community Fund (SCF) and its associated growth initiatives, marks a significant step for the startup in enhancing its cross-border payment solutions.

The funding arrives via four distinct awards from the Stellar Development Foundation (SDF)-backed program. Notably, a substantial portion of $142,000 was allocated in October 2025, providing critical runway for the company's strategic development. This financial backing empowers Seevcash to accelerate its product roadmap and deepen user engagement within the African diaspora, particularly between Ghana and the United States.

Dawuda Iddrissu, CEO and co-founder of Seevcash, expressed his gratitude, stating, “Each award from the Stellar Community Fund has been instrumental, arriving precisely when we needed to advance our objectives. It has enabled us to maintain momentum on our development plans without compromising our core focus: increasing the adoption and frequency of Seevcash usage among the diaspora.”

Founded in 2022 by Iddrissu, Charles Owusu, and Cosmos Appiah, Seevcash leverages blockchain technology to offer low-fee money transfer services. The platform facilitates sending, requesting, and managing funds, addressing a key pain point in the African remittance market, which sees billions of dollars flowing annually. The global remittance market is projected to continue its upward trajectory, driven by increasing migration and the demand for efficient digital transfer channels.

Complementing this funding, Seevcash has also launched a new Visa card, expanding its service offering to enable users to conduct transactions in over 250 countries. This strategic move, spearheaded by CTO Cosmos Appiah, directly responds to user feedback and enhances the platform's utility. The company's existing collaboration with MoneyGram further fortifies its infrastructure for fund movement, creating a more robust ecosystem for its users.

The Stellar Community Fund, administered by the Stellar Development Foundation, plays a vital role in nurturing projects built on the Stellar blockchain. By providing open-application grants and awards, SCF supports developers and startups aiming to innovate within the digital asset and blockchain space. This investment in Seevcash underscores the growing potential of African fintech startups leveraging decentralized technologies to bridge financial inclusion gaps.

This latest funding round positions Seevcash to further solidify its presence in the competitive remittance sector. By integrating user-friendly features like the Visa card and continuing to benefit from the support of the Stellar ecosystem, the company is well-equipped to capture a larger share of the African remittance market and drive greater financial connectivity for its target demographic.