Case Study: a leading Web3 foundation launches fiat-to-stablecoin access in Africa with TransFi

TransFi Helped a Web3 Foundation Launch Fiat-to-Stablecoin Access in Africa

A leading Web3 foundation sought to increase financial inclusion in Africa but faced the significant challenge of enabling users in Kenya, Nigeria, and Ghana to convert their local fiat currency into stablecoins. The major barriers included unreliable bank transfers, declined card payments, and a lack of accessible on-ramps for users without crypto exchange accounts. The foundation partnered with TransFi to utilize its fiat-to-crypto on-ramp service to overcome this without needing its own financial licenses or bank integrations.

TransFi provided a simple API integration that allowed users to buy USDC directly from the foundation's wallet using local payment methods like M-Pesa and mobile money. This solution handled all KYC, compliance, and liquidity, enabling thousands of users to complete their first purchase in under five minutes. The result was a more than 2x increase in onboarding completion rates, with over 50% of new users funding their accounts through TransFi, ultimately unlocking greater access to DeFi tools and stable savings for communities across Africa.