Bitnob
“Can stablecoin and Bitcoin rails replace correspondent banking as the default infrastructure for cross-border money movement into and out of Africa?”
Founded2020
HQNigeria
IndustryFintech / Cross-border payments
The story
Bitnob started as a consumer Bitcoin savings/remittance product in Africa and evolved into a B2B cross-border money movement platform. The company now positions itself as an embedded finance infrastructure provider — offering payouts to 40+ countries, multi-currency wallets (NGN, USDT, USDC, BTC), USD virtual Visa cards, and crypto-backed lending — with crypto rails (Bitcoin, Lightning, stablecoins) as the underlying settlement layer.
Last 12 months
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Product timeline
2020
Bitnob founded as Bitcoin savings and remittance platform for African users.· launch
2023
Expanded into cross-border payouts across Africa using Bitcoin and stablecoin rails.· payments
2024
Launched Bitnob Business with multi-currency wallets, virtual USD card issuing, and crypto-backed lending.· card
The stack
6 layers disclosed in Bitnob’s embedded-finance stack
Payments / PSP
Bitnob Payouts (self-operated)Bitnob Stablecoin rails (self-operated, USDT/USDC on Tron, Polygon, Solana)Bitcoin / Lightning (self-operated)
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
FX & payouts
in the full report
Crypto
in the full report
Accounting gap: significant
7 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.