Juicyway steps out of stealth mode after processing $1.3 billion in cross-border payments for African businesses
On Monday, December 16, Juicyway, a fast-growing fintech company, announced its official launch after quietly processing over $1.3 billion in cross-border payments for African businesses. The company has already made a significant impact without a public app or marketing, relying instead on word-of-mouth and organic growth.
Juicyway, which uses stablecoin technology to make cross-border payments faster and more affordable, has now secured $3 million in pre-seed funding. The company has already processed more than 25,000 transactions from 4,000 users, with clients like Bolt, Piggyvest, Bamboo, and Afriex.
Founded by Ife Johnson (CEO) and Justin Ziegler (COO), Juicyway is focused on solving challenges in currency exchange across Africa, particularly the liquidity problems in intra-African currency pairs. It allows users to access liquidity for both local and international payments through its web and mobile apps, as well as APIs.
Juicyway supports multiple currencies such as the Nigerian naira, USD, GBP, and CAD, offering real-time exchange rates that are driven by market pricing. This approach helps lower costs for remittances and makes cross-border transactions more competitive.
The company has partnered with organizations like Access Bank in Nigeria for remittance services and stablecoin infrastructure startup Bridge for stablecoin processing. Juicyway also works with Lead Bank in the U.S. to provide virtual dollar accounts. To ensure security and compliance, it has brought in experts like former FDIC bank examiner Joshua Wasserman and uses advanced systems for KYC (Know Your Customer) and anti-fraud measures.
Juicyway’s launch signals a growing trend in Africa’s fintech sector, where companies are using stablecoin technology to simplify and speed up international payments. With its new funding and partnerships, Juicyway is set to boost African businesses’ participation in the global economy, offering efficient tools to manage cross-border transactions.
