Timon, a Nigeria-founded stablecoin-powered travel payments startup, has secured an undisclosed investment from Alliance, a crypto-focused startup accelerator, after being selected into its latest cohort.

Founded in 2024 by Tomi Ayorinde and Chizaram Ucheaga, Timon helps Africans spend, save and move money across borders using local currencies and stablecoins. The company has surpassed 100,000 users across 16 African countries, with Nigeria, Kenya, Ghana and South Africa as its largest markets.

The Alliance backing will support product development, market expansion, customer acquisition, and stablecoin infrastructure, as Timon expands its presence in Kenya and develops additional travel-focused financial services. Nearly 70% of funding activity on the platform now comes through stablecoins.

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