Investing in Accrue
Today, we are proud to announce our investment into Accrue, dedicated to revolutionizing cross-border payments in Africa.

Accrue addresses a critical challenge faced by millions across the continent: the inefficiency and high cost of traditional payment systems. By leveraging the power of stablecoins, Accrue is poised to transform the financial landscape through its innovative product, Cashramp, and create a truly borderless commerce ecosystem.
Accrue’s Cashramp is an agent network that seamlessly bridges fiat and crypto, enabling users to enjoy the benefits of programmable money without requiring extensive crypto knowledge.This user-friendly platform facilitates swift and affordable transactions, with settlements completed in less than five minutes. This breakthrough technology not only solves the immediate pain points of cross-border payments but also lays the foundation for a more connected and efficient financial system across Africa.
The opportunity in Africa's financial market is immense, with annual cross-border payments amounting to $200 billion and $49 billion in annual remittances to sub-Saharan Africa. Accrue’s approach, characterized by competitive transaction fees and a focus on underserved markets, positions the company to capture a significant share of this lucrative market — overall, McKinsey anticipates that between 2020 and 2025, the e-payments market will grow by around 150 percent to reach almost $40 billion in revenues from domestic payments alone, with about 188 billion in transaction volumes.

One of the standout features of Accrue is its agent network. This network of P2P traders facilitates the conversion of cash to stablecoins, enabling fast and affordable cross-border payments. The incentives for agents within Accrue's network are robust. Agents benefit from the bid-ask spread and a share of transaction fees. More liquidity leads to faster order fulfillment, which in turn increases spreads and fees. If agents maintain a fixed amount of local currency, they can generate annual revenue that exceeds the local currency’s depreciation rate, making this model financially sustainableThis unique model not only enhances the scalability of the business but also creates a strong moat, making it challenging for new entrants to replicate Accrue’s success.
The team behind Accrue is exceptional, with deep technical know-how and a profound understanding of the market. Clinton Mbah, the CEO and CTO, brings extensive experience from his tenure at Helicarrier, where he developed Nigeria's second-largest crypto-exchange and the largest crypto-remittance product. Adesuwa Omoruyi, the CMO, has a robust background in product marketing and customer interaction, further strengthening the team’s ability to execute its vision.
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