100Pay, a leading crypto payments platform, has launched a $200,000 startup fund to accelerate cryptocurrency adoption in Nigeria. In a bold move, the company also opened its new 4,000-square-meter headquarters in Port Harcourt, signaling its expansion ambitions across Africa.
The startup fund aims to support businesses integrating crypto payments into their operations through 100Pay’s innovative PAY Checkout platform. The company announced that the fund would empower startups by providing resources to enable crypto transactions for physical stores, e-commerce platforms, and mobile apps.
Several startups have already benefited from this initiative, including Everest Mobility, a ride-sharing platform, Cloudnotte, an edutech firm, and Meedleman, a freelance escrow service.
“We’re focused on making crypto more accessible for Nigerian businesses,” said Brainy Josh, CEO and founder of 100Pay. “Our $200K startup fund is key to this vision, giving businesses the tools to attract crypto-savvy customers.”
100Pay’s PAY token is central to this initiative, offering discounted crypto payments and allowing businesses to convert digital currencies directly to Naira. The platform currently supports over 20 cryptocurrencies and is already being used by more than 20,000 businesses across Nigeria.
Additionally, 100Pay’s infrastructure powers HXAfrica, a licensed housing exchange, simplifying real estate investment through tokenization. The company is also forming partnerships with tech giants like LG, Samsung, and Hisense to expand its PAY Checkout system across multiple industries.
With plans to hire 1,000 more employees within the next two years, 100Pay’s Port Harcourt headquarters is set to become a hub for engineers and customer support specialists.
This initiative not only boosts Nigeria’s crypto landscape but also creates new opportunities for businesses and job seekers alike.
