Ghanaian Fintech Seevcash Raises $333,000 to Expand Diaspora Money Transfer Platform
Ghana-based remittance startup Seevcash has secured $333,000 from the Stellar Community Fund to scale its peer-to-peer money transfer platform serving African diaspora communities across Ghana, the US, and beyond.
Ghanaian fintech startup Seevcash has raised $333,000 in funding from the Stellar Community Fund (SCF) and its affiliated programmes, marking fresh capital for the country's growing diaspora remittance technology sector.
Seevcash operates a remittance and peer-to-peer money transfer platform designed specifically for African diaspora families, enabling them to send and request money across borders. The platform features tools built around what the company describes as the real financial moments that matter most to diaspora households.
The funding structure
The $333,000 raise spans four separate awards, including two Community Fund grants and two ecosystem growth programmes. The Stellar Community Fund is an open application awards programme operated by the Stellar Development Foundation, which draws on community input to support developers and startups building on the Stellar blockchain network.
For Seevcash, the funding arrives as Ghana positions itself to capture a larger share of the continent's $100 billion annual remittance flows. The Bank of Ghana has been actively courting diaspora capital through its "Remit2Invest" initiative, aimed at channeling remittances beyond consumption into productive sectors including government securities, SMEs, fintech, real estate, and infrastructure.
Ghana's diaspora fintech push
Ghana's remittance landscape has evolved rapidly in recent years. In 2025, the country recorded nearly $8 billion in diaspora inflows—roughly 6 percent of GDP and, for the first time, three times larger than foreign direct investment, which stood at about $2.5 billion. Mobile money platforms now handle approximately 60 percent of Ghana's foreign exchange inflows, underscoring the importance of digital channels in the country's financial ecosystem.
The Bank of Ghana Governor, Dr. Johnson Pandit Asiama, has said the central bank is working with financial institutions, fintech companies, and investment partners to develop innovative financial products aimed at channeling diaspora remittances into productive investment and job creation. Dr. Asiama has described Ghana's diaspora as one of the country's most significant opportunities for mobilising capital to support long-term economic transformation.
Seevcash's funding comes as a new generation of African-founded remittance fintechs—including LemFi, Nala, Chipper Cash, Sendwave, Grey, and Leatherback—compress the cost of sending money home. Historical remittance fees to Africa ranged between 7 and 12 percent per transaction; the new generation of diaspora fintechs has compressed that to 1 to 3 percent in most corridors, and in some cases to nothing.
What comes next
Seevcash will use the capital to expand its platform and deepen its reach across Ghana and the United States, where a significant portion of the Ghanaian diaspora resides. The Stellar Development Foundation's backing signals confidence in blockchain-based remittance infrastructure as a credible alternative to legacy money transfer operators.
The startup joins a growing cohort of Ghanaian fintech firms that have secured regulatory approval and investor backing in the past 18 months, including Flutterwave, which received Bank of Ghana approval to offer inward remittance services in March 2025.
