SFX Onboards 2,200 Users in June, Driven by Circle Partnership

SFX, a fintech app, has achieved a significant milestone by onboarding over 2,200 users in June. This rapid adoption follows its selection for Circle’s inaugural 2025 Developer Grant Program, which aims to support innovative projects leveraging USDC to develop real-world blockchain solutions. SFX’s success highlights the strong demand for seamless, borderless financial services, as it processed nearly $90,000 in payments during this period.

SFX’s mission is to provide an easy way for African residents in Turkey and the Turkish Republic of Northern Cyprus (TRNC) to receive and spend money. This addresses the increasing challenges these residents face with cross-border transactions in the region, offering a practical solution through Circle’s USDC stablecoin. The app enables users to receive funds from 14 African countries, save in USDC, and exchange USDC for cash at over 200 digital exchange points across Turkey and the TRNC.

SFX’s expanding user base reflects its growing appeal among African residents in Turkey and the TRNC. The company reported onboarding 2,200 new users in June, a significant increase from just 320 in the preceding months. SFX also issued 1,000 Circle USDC wallets on the Polygon blockchain during the same period and sponsored over 500 gasless transactions. SFX co-founder Muqaddis Atau Kolawole expressed excitement about the achievement, stating that the growth reflects the real need for borderless, user-first financial solutions in Africa and beyond.

SFX’s remarkable progress, underscored by its partnership with Circle and strong user adoption, signals a promising future for inclusive financial services in Turkey and the TRNC. By addressing the longstanding challenges faced by African residents, SFX is driving innovation in cross-border payments and paving the way for greater financial empowerment in the region.