Lattice Fund has led a $1.58 million seed round in Accrue which the startup says it will use to grow its payment infrastructure, build its team, and enhance product offerings. Other investors in the round include Kraynos Capital, Distributed Capital, Lava, and Maven 11.
Founded in 2021 by former Helicarrier employees Zino Asamaige, Adesuwa Omoruyi, and Clinton Mbah, Accrue began as a tool to simplify crypto investing for the average consumer.
Initially, the startup gained traction during the crypto boom, but the subsequent market downturn in 2022 led to a decline in interest and investment in cryptocurrencies. Recognizing this shift, the team pivoted to focus on providing cross-border payment solutions, a pressing issue for Africans seeking faster and more reliable ways to transfer money across borders.