Sora Financial Technologies (SFx) uses USDC to connect Turkey and 14 African countries with near-instant value movement. SFx demonstrates how stablecoin infrastructure can turn global connectivity into real impact.
Across Turkey, scores of African students and professionals are chasing new opportunities. But for many, the act of sending or receiving money from home is complex, costly, and uncertain. Sora Financial Technologies (SFx), a member of the Circle Alliance Program (CAP), is working to change that reality through its money-movement app powered by USDC1 — Circle’s fully reserved, USD-pegged stablecoin.
With SFx Money App, users in Turkey and across 14 African countries can seamlessly send and receive USDC. Muqaddis Kolawole, SFx’s co-founder, explained the driving motivation behind the SFx Money App.
“We wanted to do something that is reliable, and also that is going to be the modern way for Africans in the diaspora to move money, pay school fees, support families, and also run small businesses — without the fear, the delays, and also most importantly, the added cost,” said Kolawole.
And to help create that vision, the SFx team turned to USDC.
Overcoming the financial challenge of distance
Traditional remittance systems often come with high fees and long delays. As international students and professionals, SFx’s founders experienced this firsthand. Their response was to build a service that makes cross-border money movement as simple as local transfers. Helping them in this effort was USDC and its supporting infrastructure.
With USDC, SFx users can hold US dollar value and convert it seamlessly into local currencies. Transactions via SFx Money App are designed to take seconds, not days, and carry zero transfer fees.
“Cross-border transfers in Africa are often slow, usually it costs between 4% to 12% fees in many corridors,” said Kolawole. “What we did was that we fixed that by using stablecoin, essentially USDC, onchain rails, and local payment integration.”
A platform designed for people
The SFx Money App looks and feels like a familiar digital wallet. Users can add funds through multiple onramps, send USDC to friends or relatives by username, and spend with a virtual SFx card. Behind the scenes, transactions in USDC are secure, transparent, and backed 1:1.
That’s had a meaningful impact on the ground. According to SFx Co-Founder Martins Chidume, the Congolese expat community in Cyprus has traditionally relied on a global remittance provider to send and receive money to and from the Democratic Republic of Congo — a process that can take up to 48 hours and require visits to physical locations. Now, with SFx, folks have cut transfer times down to minutes with no bank account required.
Notably, SFx’s approach goes beyond convenience. By pairing Circle’s infrastructure with SFx Money App users across Africa and Turkey, SFx foregrounds compliance-centric design while expanding financial inclusion.
“SFx is a powerful example of what inclusive innovation looks like,” said Elisabeth Carpenter, Chief Strategic Engagement Officer at Circle. “By addressing meaningful, everyday pain points with the reliability of USDC, SFx is giving people the freedom to move their money securely, nearly instantly, and with dignity.”
Building opportunity one transfer at a time
With SFx Money App, what for many expats once took days can now happen in moments. Migrant workers can send earnings home immediately. Students can receive tuition payments from relatives without friction. Families can support each other without losing money to hidden fees.
That matters on the ground, to real people. By anchoring its mission to real human needs, SFx is demonstrating how transparent digital infrastructure, designed to maintain a stable value, can help people build financial resilience. Each new user and each successful transfer adds to a growing network — proof that when technology and purpose align, access and opportunity can expand together.
1 USDC is issued by regulated affiliates of Circle. A list of Circle’s regulatory authorizations can be found here.
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