SDF launched a $30 million Matching Fund to co-invest in early-stage companies building on Stellar, with first investments supporting payroll, remittances, NFTs, and cross-border payments across Latin America and Africa.
The Stellar Development Foundation announced a $30 million Matching Fund that co-invests alongside lead investors, matching up to $500,000 per company for pre-seed to Series B startups building on Stellar. The Fund addresses capital access gaps in underdeveloped venture ecosystems, particularly for financial services solutions. First investments include Trace Finance (cross-border payments in Latin America), Bitwage (crypto payroll services), Afriex (remittances in Africa), and FanVestor (NFT crowdfunding platform). The initiative targets real-world use cases addressing inflation, affordable remittances, and capital access challenges.
