“Can a single API provide African and global businesses with full-stack embedded finance — accounts, cards, payouts, FX, and stablecoin rails — without requiring them to manage banking relationships or compliance themselves?”
Founded in 2022 as a Banking-as-a-Service infrastructure targeting African markets, Maplerad raised $6M seed led by Peter Thiel's Valar Ventures and emerged from stealth as a global BaaS player. The platform expanded from virtual account issuing to a full-stack embedded finance API covering payouts, FX, card issuing, and identity verification. By 2024 the company began positioning itself as an AI-powered stablecoin payment infrastructure, signaling a pivot toward stablecoin-native global liquidity and cross-border payments rather than pure BaaS.
Maplerad moves money over ACH and Fedwire.
Maplerad's cards run on Mastercard and Visa.
The Embedded Finance Index 2026 maps 2 layers in Maplerad's stack: Money movement (ACH and Fedwire); Card network (Mastercard and Visa).
Maplerad was founded by Miracle Anyanwu and Obinna Chukwujioke and is founded in 2022, headquartered in San Francisco, California, United States.
Maplerad has raised $6M in total (latest round: Seed, 2022).
Get a read on where your own stack stands against Maplerad and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.