Founded in 2022, in private beta since 2024

Bloccpay is a stablecoin payroll and invoicing company. I am a co-founder and the CTO. My co-founder, Ajoke Asunmonu, is the CEO. The company was registered in 2022. Customers did not have a product that year.

The reason for the company was personal, and I told it to Disrupt Africa in September 2026. I had been working remotely for international companies and struggling to access money I had already earned. I sent USD earnings to a friend’s dollar account. They converted the money to stablecoins in a peer-to-peer trade and sent the stablecoins to me. I then used another peer-to-peer trade to convert them, because the platform I was paid through offered an exchange rate about 40 per cent worse. Three steps, two intermediaries, and a delay at each one. I went through that several times, sometimes using Ajoke’s account. We asked what it would take to fix it.

In a TechCabal interview published in October 2026, I called it a convoluted dance: moving money through friends, converting stablecoins, and navigating peer-to-peer channels just to reach a salary. Getting the money was only half of it. A wallet history was not a record a bank would accept as proof of income. After I moved to the UAE, opening an account and proving income were the hard part.

We grabbed a notebook and mapped the payment flow, from a business sending money to a person receiving it, and marked every point of friction. We spoke with a blockchain engineer. Then we did customer discovery with remote teams, freelancers, and HR managers, before writing any code. The same pattern kept showing up. People earning from companies in other places were losing money to fees, rates, and the rails, and they had no record they could carry to a bank, a loan, or a visa application. Ordinary employment produces that record as a side effect of the payslip. Independent and cross-border work often produces nothing a bank can read.

Ajoke put it as two gaps sitting on top of each other. One is the money lost between earning and receiving. The other is the missing document. A lot of existing tools were built for the business sending the payment. The person receiving it, especially in an emerging market, was secondary. We started from that end: not only how someone gets paid, but how they prove it afterwards.

That is why 2022 and 2024 are different dates. 2022 is the registration. The years after it were the notebook, the conversations, and the decision to build. There was no product in those years. Operations and the private beta began in 2024. Private beta means a limited set of customers is using the product while it is still being built. Bloccpay is still in that stage.

On the product, a business sets up an account, adds the people it pays, and sets a frequency. Each cycle is a review and an approval. The platform generates the payroll, debits the business, and credits the person. A contractor can invoice a client who does not have an account. The client gets a payment link. People can be paid to a bank account or a wallet. Each completed payment is also a pay slip or a receipt. I told Disrupt Africa that this documentation layer is as important as the payment.

In that private beta the product has processed more than $500,000 in payroll and invoice payments. That sum is payments, the money that moved to the people who were owed it. In June 2026 we received a Stellar Community Fund award of $100,000 worth of XLM. That is a grant. It is a different number from the payments.

We have mostly bootstrapped. That has meant building on our own timeline.