The startup helping businesses get paid in cryptocurrency

ClockPay was born from a simple frustration: converting crypto to usable cash took days. After experiencing it firsthand, Martins Ejeheri built a platform that lets businesses accept stablecoins and settle instantly in over 24 countries.

When Martins Ejeheri moved to the United States in 2023, he encountered a problem he never expected: converting cryptocurrency to dollars took days.

He noticed that people held significant amounts of digital currency but could not spend them because businesses did not accept them. And when they tried to convert it by other means, it took days, and they sometimes risked being defrauded.

Ejeheri had spent nearly a decade building over 500 blockchain solutions globally, and experiencing this delay frustrated him, leading him to build a global payments solution to address the gap.

This became the foundation of ClockPay, a startup dedicated to facilitating stablecoin payments between businesses and their customers.

“I’ve been in this space for almost ten years, and I have seen how we can convert cryptocurrency to fiat currency in minutes. So, I felt, this shouldn’t be a problem. I asked people in the blockchain ecosystem and learnt it was a big issue. But now, people who are like me with liquidity in cryptocurrency are able to instantaneously make purchases without converting,” Ejeheri, Co-founder of ClockPay, tells Techpoint Africa.

What ClockPay does

ClockPay enables businesses to receive payments in digital currencies, such as stablecoins. The startup provides API integration that enables businesses to receive cryptocurrencies and settle them in their preferred fiat currency.

The platform offers tools that feel familiar to anyone who has used a payment processor. There’s enterprise API integration for businesses that want to embed payments directly, invoicing tools, and wallet systems. The difference lies in the ability to convert cryptocurrency to fiat almost instantly.

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“We are enabling businesses to receive payment in local currency,” Ejeheri says. “We’ve been able to do this by providing API integration for businesses to receive cryptocurrencies and instantly convert them to their local curren...