SIDERIS provides a regulated, non‑custodial orchestration layer that lets African banks route cross‑border payments through global settlement networks using existing interfaces (SWIFT, ISO 20022, APIs, files). It converts local currency to a compliant stablecoin for transport, performs real‑time compliance checks, and off‑ramps to fiat via optimal local rails, delivering same‑day settlement with audit‑grade traceability at lower cost.
Funding
Funding not disclosed
Founders
Product
Problem
African banks face increasing competition from B2B fintechs that can move corporate cross‑border payments quickly and cheaply, threatening banks’ treasury and trade‑finance volumes. Existing settlement processes are slow, costly, and require extensive operational changes to access modern payment rails.
Solution
SIDERIS offers a regulated, non‑custodial orchestration layer that connects African financial institutions to global settlement networks—including SEPA, SWIFT gpi, Fedwire, and local instant‑payment rails—without altering the banks’ core systems. Banks initiate payments via their current channels (SWIFT, ISO 20022, REST API, or host‑to‑host files); SIDERIS routes the instruction, performs real‑time compliance screening, and uses licensed on‑ramps to convert local currency to a MiCA‑compliant stablecoin for transport. The stablecoin is then off‑ramped by a licensed CASP in the destination jurisdiction and paid out in fiat through the optimal local rail, delivering same‑day settlement at a fraction of traditional costs. Throughout the process, SIDERIS generates regulator‑grade audit trails, preserving the bank’s client relationships and regulatory standing while providing fintech‑level speed and cost efficiency.
Target Audience
Primary customers are African commercial banks and other regulated financial institutions that manage corporate treasury, trade‑finance, and cross‑border payment flows.
Features
- Integration via existing banking interfaces (SWIFT, ISO 20022, REST API, host‑to‑host, or file transfer) with no system redesign required
- Regulated bridge model that uses compliant stablecoins solely as a settlement transport layer, keeping the end‑to‑end experience fiat‑in/fiat‑out
- Real‑time AML/compliance screening and automated generation of regulator‑grade audit files for each transaction
- Multi‑corridor support (EUR↔XOF, USD↔XOF, CNY↔XOF, etc.) with payout through SEPA Instant, SWIFT gpi, Fedwire, ACH, or local instant‑payment networks
- API gateway, routing engine, evidence engine, and status manager providing end‑to‑end visibility and real‑time status updates
- Licensed on‑ramp and CASP partners under BCEAO and international regulatory oversight ensuring full compliance