CrissCross Secures Circle Ventures Investment to Expand Cross-Border Payments in Africa

CrissCross, an African cross-border payments infrastructure provider, has secured investment from Circle Ventures, the corporate venture capital arm of Circle Internet Group, through its parent company, Stitch Group. The investment comes as stablecoins gain traction as a settlement mechanism for cross-border payments, particularly in markets where currency volatility, limited liquidity and traditional correspondent banking arrangements can make transactions slower and more expensive.