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COCA secures a strategic investment from Stellar Development Foundation and FunFair Ventures to scale stablecoin payments globally.
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The platform has onboarded over 1 million users since its 2023 launch, offering seamless and secure crypto payments without private key complexities.
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Thanks to deep integration with the Stellar network, COCA users can now pay at over 80 million merchants worldwide using stablecoins via debit cards and IBANs.
UAE-based fintech company COCA has announced it secured a strategic investment from the Stellar Development Foundation and FunFair Ventures, in a move that will accelerate the company’s mission to expand stablecoin-based payments. The investment amount was not disclosed.
Launched in 2023, COCA has already surpassed one million users, with a core vision of making stablecoin and crypto payments seamless, secure, and accessible to everyone. The platform eliminates the need for managing private keys, high fees, or worrying about merchant acceptance.
This new investment positions COCA for rapid growth, aiming to make stablecoin payments as easy and familiar as using a traditional bank card. Through deep integration with the Stellar blockchain, COCA users can make payments using stablecoins at over 80 million merchants globally via debit cards and international bank account numbers (IBANs).
COCA’s goal is to radically change how people interact with stablecoins—transforming them into a truly everyday form of payment. The company envisions a world where users can spend their crypto freely, without banks or intermediaries, enabling complete financial freedom.
