ClockPay, a fintech startup founded by blockchain veteran Martins Ejeheri, is transforming how businesses handle cryptocurrency payments.
By enabling companies to accept digital currencies and convert them into local money almost instantly, the platform simplifies cross-border transactions for startups, eCommerce businesses, and content creators.
Ejeheri saw a gap that no existing service was addressing. Motivated by this inefficiency, he founded ClockPay, to help businesses accept digital currencies and convert them into local money almost instantly, creating a bridge between blockchain technology and real-world commerce.
“ClockPay is helping businesses recieve payments in digital currencies, by offering seamless API integration and other features that allow businesses to receive digital currencies from 180 countries and settle this payments in their preferred currency,” the company said on LinkedIn.
What You Should Know
ClockPay’s platform allows businesses to accept payments in digital currencies such as stablecoins, while offering API integration to settle these payments in their preferred fiat currency.
The tools are familiar to anyone who has used a standard payment processor, but with a crucial difference: cryptocurrency conversion happens almost instantly.
For example, a merchant in Lagos can receive USDC from a customer in California and settle in naira within minutes, a UK startup raising funds in cryptocurrency can convert proceeds into pounds immediately.
The startup says companies managing liquidity across markets can move funds from one currency to another without navigating the complex, multi-step processes associated with traditional payment channels.
Built for Global Businesses
According to ClockPay, it focuses on small and medium-sized businesses, startups, eCommerce companies, and content creators who regularly engage with international customers.
Ejeheri emphasises that the platform is also well-suited for fintechs and larger organisations needing efficient cross-border liquidity management.
Since its inception, ClockPay has onboarded 150 businesses across the United States and Africa. Its payment infrastructure now spans more than 24 countries, with licensing secured in the United States, China, the UK, and multiple African markets.
To date, the company revealed it has processed over $45 million in transactions, highlighting the growing demand for frictionless crypto payment solutions.
The ClockPay Business Model
ClockPay generates revenue through two primary channels:
- API Transaction Fees: Businesses are charged a 1.3% fee on transactions received via the platform’s API.
- Conversion Spread: The company earns a margin whenever users off-ramp from cryptocurrency to fiat or convert between different currencies.
Additionally, ClockPay says it is developing complementary products under ClockInvest, focused on analytics and blockchain-powered asset ownership, although these remain in development.
Looking Ahead
Ejeheri envisions ClockPay as more than a payment processor. The long-term goal is to bridge blockchain technology with everyday financial activities, creating tools that allow individuals to invest, earn passive income, and plan for long-term financial goals using blockchain assets.
According to him, the broader aim is to make blockchain less of a niche technology and more like everyday financial infrastructure.
In recent years the global market for cryptocurrency‑payment infrastructure has begun to surge. Industry data shows that as of 2024, the crypto payment gateway market size was valued at $1.68 billion and is anticipated to reach $6.74 billion by 2032.
According to experts, this growth is underpinned by a sharp rise in crypto adoption among individuals and merchants worldwide.
Analysts say ClockPay’s offering aligns with broader industry dynamics. Its business model and timing begin to make sense. As more consumers own crypto and businesses accept it, the infrastructure for converting digital currency into usable fiat becomes ever more essential.
Talking Points
ClockPay addresses a key challenge for businesses operating in global markets: receiving payments in cryptocurrency and converting them into local currency almost instantly.
This capability alone positions ClockPay as a practical solution for startups, SMEs, eCommerce platforms, and content creators dealing with international customers.
At Techparley, we see how solutions like ClockPay can accelerate financial inclusion and streamline cross-border commerce, making digital currencies more usable in everyday business operations.
The platform’s integration of API payment processing, invoicing, and wallet management means businesses can handle crypto transactions with the same ease and reliability as traditional payment systems.
However, adoption will depend on awareness and trust. Businesses need to understand the benefits, cost structure, and regulatory compliance involved to fully embrace crypto payments.
As ClockPay expands its footprint across 24 countries and continues to secure licensing globally, there’s a clear opportunity for strategic partnerships that can accelerate onboarding and deepen its presence in emerging markets.
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