The African cross-border payment platform Accrue announced the completion of a $1.58 million seed round financing, led by Lattice Fund

ChainCatcher news, the African cross-border payment platform Accrue announced the completion of a $1.58 million seed round financing, led by Lattice Fund, with participation from Maven 11, Lava, Kraynos Capital, and others.

Accrue was founded in 2021 by Zino, Clinton, and Adesuwa, initially focusing on a dollar-cost averaging application for cryptocurrencies and stocks. After experiencing a market downturn in 2022, the company pivoted to launch the cross-border payment tool Cashramp, which has now become its main source of revenue and achieved profitability in mid-2023.

This round of financing will be used to expand payment infrastructure, optimize product features, and grow the team, further driving innovation and growth.