Oneremit Scaled Payment Platform to $200 Million
The platform serves over 1,000 businesses by lowering cross-border payment costs through stablecoin rails.
Updated on Sept. 24, 2026 in Financial Services
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Founded in 2024, Oneremit processed more than $200 million in transactions over 18 months to facilitate cross-border payments for African businesses. The platform utilizes stablecoin settlement rails to support over 100 currencies.
Why it matters
Oneremit entered the market to eliminate the high fees and lack of human support often found in traditional cross-border payment systems. By offering transparent pricing, the firm aims to capture share among service businesses and mid-market exporters.
Oneremit supports 1,000 businesses across 100 currencies, with $15 million in stablecoin volume processed via OwlPay. Its model targets reducing costs like 1.5 percent foreign-exchange spreads that previously cost businesses ₦400,000 on transactions.
The players
Oneremit
A payment platform operator licensed in Canada, the U.S., and Nigeria that focuses on cross-border transactions for African businesses.
OwlPay
A financial infrastructure provider that supplies stablecoin settlement rails for cross-border payment firms.
The details
The platform replaces traditional opaque banking fees with upfront pricing and assigns dedicated support contacts to each business. It leverages OwlPay to execute stablecoin settlement, allowing firms to move capital while avoiding the volatility and high costs associated with legacy currency corridors.
Timeline
Oneremit was founded in 2024.
The firm hosted a private executive roundtable for 40 finance leaders in August 2026.
Expansion into new markets and customer segments is planned for the next six months.
Market Landscape
Oneremit is scaling alongside a broader industry shift toward stablecoin-based cross-border settlement rails. This approach challenges traditional banking models that have long relied on high foreign-exchange spreads and slow clearing times.
Operators dealing with African cross-border payments should evaluate whether their current providers offer transparent pricing or if stablecoin-linked services offer lower effective rates. Monitor for Oneremit's potential entry into the UK and other African markets as a signal for future competitive pricing shifts.
The takeaway
Oneremit demonstrates that B2B payment platforms can gain traction by substituting complex, high-fee banking corridors with transparent, stablecoin-settled transactions. Business owners should audit their current foreign-exchange spread costs against these new, more efficient alternatives.
Further reading
For additional context on how cross-border transaction shifts are impacting enterprise operations, see our coverage of Financial Services.
Source note: This article includes information reported by THISDAYLIVE.
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