Afriex Closes $10 Million Series A Funding Round Led by Sequoia Capital China and Dragonfly Capital

African blockchain fintech company Afriex closed a $10 million Series A round of funding at a valuation of $60 million, led by Sequoia Capital China and Dragonfly Capital, with participation from GoldenTree, Stellar Foundation and Exceptional Capital. The funds raised will be used to expand the blockchain remittance platform on the African continent. Afriex uses blockchain technology to help users convert funds into stablecoins and provide remittance services.