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Since 2024, Tether has backed 4 African startups across 5 disclosed funding rounds totaling $6.9M, most heavily in Crypto & Web3.
Tether is a digital asset company best known as the issuer of the USDT stablecoin, operated by Tether Limited and related entities. It presents itself as a financial technology business focused on building infrastructure for digital assets and programmable money. Tether’s official materials describe it as “The Stable Company,” reflecting its role in providing blockchain based tokens designed to maintain price stability. In African markets, Tether has participated in early stage funding rounds for financial technology and crypto focused startups. Based on confirmed investment data, Tether has invested approximately 6.9 million dollars across six funding rounds between September 2024 and May 2026. These commitments have primarily targeted seed and early venture stages in Nigeria and Kenya, with a sector focus on crypto and Web3 solutions and fintech products. Tether’s backing of companies such as LemFi, Sorted Wallet, Kotani Pay, and Shiga demonstrates a consistent interest in cross border payments, stablecoin access, and digital wallets tailored to African users. These investments align with Tether’s broader mission of expanding the utility of digital assets and stablecoins in everyday financial transactions.
Data updated · Aug 3, 2026
Tether has backed 4 African startups across 5 disclosed funding rounds tracked on Liners, totaling $6.9M since 2024.
Mostly Venture (Round not Specified): 3 of its 5 tracked rounds are at that stage, followed by Seed (2).
Its tracked rounds lean toward Crypto & Web3 (4), Fintech (1).
Tether most often shares rounds with Gnosis DAO (1 shared deal), Angel Invest (1 shared deal), Move Industries (1 shared deal).
Based on confirmed investment data, Tether has invested in African startups operating in fintech and crypto and Web3. Its portfolio in Africa includes LemFi, Sorted Wallet, Kotani Pay, and Shiga, which focus on payments, stablecoin access, and digital wallets.
According to confirmed data, Tether invested a total of 6.9 million dollars across six African funding rounds between September 2024 and May 2026. Notable rounds include 4.4 million dollars in Sorted Wallet’s seed round and 1.5 million dollars in its later venture round, along with 1.0 million dollars in Kotani Pay.