COCA.xyz Completes Strategic Funding Round Led by the Stellar Development Foundation

COCA.xyz, the next-generation non-custodial payments app, has successfully completed a strategic funding round led by the Stellar Development Foundation (SDF),

The Stellar Development Foundation (SDF) has completed a strategic funding round for COCA, the next-generation non-custodial payments app.

This investment will accelerate COCA’s mission to make stablecoin payments seamless, secure, and accessible to a global audience. It will also facilitate the integration of traditional financial services with the Stellar network, ultimately bringing new use cases and value to the ecosystem.

The investment was made from SDF’s Enterprise Fund, which invests in companies building on Stellar. It is part of SDF’s broader strategy to support the growth and adoption of the Stellar network.

COCA is a rapidly growing payments app that allows users to buy, sell, swap, and use stablecoins and cryptocurrencies for payments at over 80 million merchants in 200+ countries.

COCA launched a year ago and has quickly gained over 1 million users. The app is designed to be user-friendly and accessible, even to those who are new to cryptocurrency. It also offers a wide range of features, including non-custodial wallets, fast and low-cost transactions, and support for multiple blockchains.

COCA’s mission is to make financial services more accessible and efficient for everyone. The company is committed to using technology to create a more inclusive and interconnected world.

“This investment is not just financial; it’s a strategic milestone,” said Pavel Matveev, Product Advisor at COCA. “COCA and Stellar Development Foundation share the same vision—making everyday financial services accessible. And we believe that leveraging stablecoins to make payments increases accessibility for people around the globe. With Stellar’s support, we will scale faster, enhance our platform, and deepen our integration with the Stellar ecosystem, including MoneyGram for global remittances, first-class support for Soroban smart contracts, and partnerships with other Stellar-based projects.”

“Stablecoins are rapidly powering payments and driving adoption of blockchain technology and new economic opportunities for hundreds of millions of people across the world, and we’re proud to be supporting this critical area of innovation. It’s a priority for the Stellar Development Foundation to invest in companies that are pushing the boundaries of what’s possible with blockchain technology and to support the growth of the Stellar ecosystem. We’re impressed by the team at COCA has built a best-in-class application for the rapidly growing market of users who want to use stablecoins for everyday transactions. We’re excited to see what they achieve next,” said Denelle Dixon, CEO & Executive Director of the Stellar Development Foundation.

COCA: A Next-Generation Payment app for Stablecoins

Stablecoins are transforming digital payments, but using them in everyday transactions can still be a challenge. COCA is changing that with a powerful, user-friendly platform designed to make stablecoin payments seamless, secure, and widely accessible.

Here’s how COCA is redefining the way people use stablecoins:

With this funding, COCA is set to accelerate its growth, expand its ecosystem, and drive mass adoption of stablecoin payments—empowering users to transact globally with unparalleled ease and security.

About COCA

COCA is a next-generation, non-custodial payment app that makes stablecoin transactions seamless. By integrating MPC security, gas-free transactions, and embedded banking features, COCA enables users to buy, swap, and spend stablecoins and digital assets effortlessly anywhere in the world.

For more information, visit www.coca.xyz.

About Stellar Enterprise Fund

SDF’s Enterprise Fund is a venture-style fund for growing the open-source Stellar network globally. We invest in and support promising companies using Stellar.

About Stellar

Stellar is a decentralized, fast, scalable, and uniquely sustainable network for financial products and services. It is both a cross-currency transaction system and a platform for digital asset issuance, designed to connect the world’s financial infrastructure. Financial institutions worldwide issue assets and settle payments on the Stellar network.

About Stellar Development Foundation

The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar, an open-source network that connects the world’s financial infrastructure. Founded in 2014, the Foundation helps maintain Stellar’s codebase, supports the technical and business communities building on the network, and serves as a voice to regulators and institutions. The Foundation seeks to create equitable access to the global financial system, using the Stellar network to unlock the world’s economic potential through blockchain technology.

About FunFair Ventures

Funfair Ventures provides funding and advisory services to promising early-stage blockchain projects. They invest using their own capital and aim to deliver substantial value and ongoing support to their investment partners. Since 2016, Funfair Ventures has been actively developing, launching, operating, and marketing successful decentralized gaming applications, and they also manage a top 100 ERC20 token.