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Since 2021, Stellar Development Foundation has backed 10 African startups across 10 disclosed funding rounds totaling $168.1M, most heavily in Kenya and Fintech.
Stellar Development Foundation is a nonprofit organization that supports the development and growth of the Stellar network, a public, open source blockchain designed for fast, low cost cross border payments and broader financial access. The foundation is headquartered in San Francisco, California, and focuses on creating more equitable access to the global financial system by advancing the Stellar ecosystem and its underlying technology. Within Africa, Stellar Development Foundation appears as an active strategic investor and grantmaker in financial technology and digital asset infrastructure. Based on available investment data, SDF has participated in seed, grant, other early stage funding, and a later stage Series E round, with a concentration in fintech and crypto and Web3 projects across Kenya, Nigeria, Côte d’Ivoire, Mauritius, and South Africa. Its portfolio in the region includes companies that provide cross border payments, stablecoin based services, invoicing and treasury tools, crypto asset infrastructure, and consumer facing financial apps. Across these activities, Stellar Development Foundation consistently backs teams building payments, credit, and treasury solutions that align with its mission of expanding access to modern financial services. Its African portfolio spans business and consumer use cases, from instant credit and digital wallets to high volume cross border payment platforms and stablecoin cash in and cash out services, reflecting a focus on practical, real world financial applications built on or around blockchain technology.
Data updated · Aug 18, 2026
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Stellar Development Foundation has backed 10 African startups across 10 disclosed funding rounds tracked on Liners, totaling $168.1M since 2021.
Mostly Seed: 5 of its 10 tracked rounds are at that stage, followed by Grant (2).
Stellar Development Foundation's tracked rounds are concentrated in Kenya (4), Nigeria (3), Côte d'Ivoire (1), and 2 more countries.
Its tracked rounds lean toward Fintech (7), Crypto & Web3 (2), Media & Entertainment (1).
Stellar Development Foundation most often shares rounds with Launch Africa Ventures (2 shared deals), Blockchain Founders Fund (2 shared deals), The Chernin Group (1 shared deal).
Stellar Development Foundation is a nonprofit organization dedicated to supporting the Stellar network, an open source blockchain focused on fast, low cost cross border payments and broader financial access. It develops and maintains core technology, supports ecosystem growth, and provides grants and funding to projects that advance the network and its mission.
Based on available investment data, Stellar Development Foundation has backed African companies such as Tala Loan, Kotani Pay, HoneyCoin, Cedar Money, Kredete, SurgePay, JoonaPay, Arrel, Skrmiish, and Jia. These companies work across Kenya, Nigeria, Côte d’Ivoire, Mauritius, and South Africa in areas like fintech, crypto and Web3, and media and entertainment.