Company Performance Metrics
- Michael Jimoh: Founder & CEO
ChainPal is the financial operating system for the next generation of African businesses. We are an all-in-one commerce platform engineered to solve the most significant barrier holding back digital entrepreneurship on the continent: the immense friction, risk, and cost of converting global digital currency payments into local, spendable fiat.
The
Problem: Africa's burgeoning $125 billion crypto economy is fundamentally broken for the millions of SMEs and freelancers at its core. To convert their global earnings (primarily in stablecoins like USDT/USDC), they are forced into a high-stakes, informal P2P ecosystem defined by crippling delays, unpredictable exchange rates, and a constant threat of scams. This leaves businesses with stranded capital and stifles their ability to grow.
Our Solution: ChainPal provides a secure, automated bridge between the global digital economy and local African commerce. Our platform allows any business to earn globally in crypto and get paid locally in fiat instantly and automatically, with zero crypto knowledge required.
Our Mission: We are building the foundational infrastructure the "Stripe + Shopify" for Africa's digital-first economy. We handle the complexity of cross-border finance so our merchants can focus on what they do best: building their business. ChainPal is backed by the AyaHQ incubator and the Lisk Foundation and is a member of the Circle Alliance Program.
