Payment Tools · Solana
Ribh Finance
Stablecoin cross-border payment rails for African SMEs on Solana
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Overview
What Ribh Finance actually does.
Ribh Finance is a Solana-based stablecoin payments platform built for small and medium businesses in emerging markets, starting with Africa. It lets businesses collect local currency — Nigerian Naira, Ghanaian Cedi, and Kenyan Shilling — and convert it into dollar-backed stablecoins (USDC) on Solana for instant, low-cost global settlement and supplier payments. The goal is to replace slow and expensive correspondent-banking rails, where cross-border transfers can take days, with on-chain settlement that clears in minutes, all surfaced through a single dashboard for sending, receiving, tracking, and reconciling payments and restocking inventory. Ribh placed in the Payments track of the Solana Radar Hackathon and reports having processed more than $10M in cross-border volume in its first year. The team is expanding the platform with De Ahia ('The Market'), a stablecoin-powered peer-to-peer commerce layer connecting buyers and sellers across borders, and Owego for spending stablecoins through familiar local payment methods.
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