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Ribh Finance offers a cross-border payment platform simplifying global transactions for African businesses. Its product collects local currency, instantly converting it to stablecoins for international stability. This infrastructure supports seamless payments to global suppliers, providing tools for collections and invoice processing via an instant digital asset framework.
Co-founded by Emeka Nwosu, Ribh Finance addresses volatile African currencies and complex international payments. Established circa 2023, the company’s insight: stablecoin technology offers a reliable, inflation-resistant solution. This empowers small and medium-sized enterprises to conduct global commerce efficiently, bypassing traditional financial system limitations.
Ribh Finance serves diverse African businesses, from importers to manufacturers, seeking efficient global payments. Its vision is to democratize international trade with accessible, stable, rapid cross-border payments. The platform empowers businesses to overcome traditional barriers, enabling transparent, instant transactions, transforming multi-week processes into swift operations.
Ribh has raised $180K across 1 funding round.
Ribh has raised $180K in total across 1 funding round.
Ribh has raised $180K in total across 1 funding round.
Ribh's investors include 500 Global, Sky9 Capital, SOSV.
Ribh has raised $180K across 1 funding round. Most recently, it raised $180K Seed in July 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2025 | $180K Seed | — | 500 Global, Sky9 Capital, SOSV | Announced |
Ribh Finance is a technology company focused on building stablecoin-powered invoice payment rails to address critical challenges in cross-border business payments for African SMEs. Their product enables faster, cheaper, and more reliable payments across borders by leveraging stablecoins, thereby solving problems like dollar shortages, volatile foreign exchange markets, high bank fees (up to 20%), and long settlement times (3–7 days). This solution empowers import-dependent SMEs to secure goods on time and at competitive rates, fostering growth in the African business ecosystem[1].
Founded in 2024 in Lagos, Nigeria, Ribh Finance was created by a team with deep fintech experience in emerging markets. Key founders include Elvis Chuks, who spent six years building fintech solutions such as Karla (a contactless payment solution for African SMEs), Bukunmi Aluko, and Nnaemeka Nwosu, an entrepreneur with a background in blockchain protocols and business leadership. The idea emerged from the pressing need to overcome the inefficiencies and high costs of cross-border payments faced by African SMEs, with early traction supported by investors like Anthony Thio and Orbit Startups[1].
Ribh Finance rides the growing trend of blockchain and stablecoin adoption in emerging markets, particularly for financial inclusion and cross-border commerce. The timing is critical as African SMEs face increasing globalization pressures but remain underserved by traditional financial infrastructure. Market forces such as rising digital payments adoption, demand for faster settlement, and currency instability favor Ribh’s solution. By enabling seamless cross-border payments, Ribh contributes to the broader ecosystem by unlocking trade potential and fostering SME growth in Africa[1].
Looking ahead, Ribh Finance is positioned to expand its stablecoin payment rails across more African markets and potentially other emerging regions facing similar payment challenges. Trends such as increasing regulatory clarity around stablecoins, growing digital infrastructure, and SME digitization will shape their journey. Their influence may evolve from a niche fintech startup to a critical infrastructure provider for African cross-border trade, driving broader economic integration and financial innovation on the continent[1].
