Checker, a global infrastructure network focused on unifying digital asset markets, has successfully raised $8 million in funding. The investment aims to accelerate the adoption of stablecoin-powered financial services across Africa and other emerging markets.

The funding round was spearheaded by Al Mada Ventures, the sovereign wealth fund of Morocco and parent company of Attijariwafa Bank. Key participants also included Galaxy Ventures and Framework Ventures.

The raise saw significant backing from notable figures within the African tech ecosystem, including Iyin Aboyeji, former Onafriq Vice President Gwera Kiwana, and Juicyway co-founder Justin Ziegler. Individuals from Stripe and Tala also contributed to the round.

Additional strategic financial institutions that backed Checker include DFS Lab, Bitso, Airtm, Onigiri Capital, SNZ Capital, and Velocity.

Checker highlighted that the participation of Al Mada Ventures represents a significant institutional endorsement for stablecoin-powered infrastructure within Africa’s financial system. Al Mada Ventures, as the controlling shareholder of Wafa Cash, brings extensive experience in African financial services and cross-border remittance operations.

Omar Laalej, Managing Director of Al Mada Ventures, commented on the investment, stating that liquidity access remains a primary constraint for global stablecoin adoption. He noted that Checker addresses this challenge with an orchestration layer that organizes fragmented stablecoin liquidity into a programmable, compliant network.

Africa is increasingly recognized as one of the world's fastest-growing digital asset markets. This growth is attributed to a young demographic, rising fintech adoption, and expanding regulatory clarity in markets such as Kenya and South Africa.