We Stayed Locked-In in March!
Despite the market downturn, builders keep building. At Finna, March was all about strategizing, scaling, shipping, and setting the stage for something big. Something really BIG!
Let’s dig into the highlights.
Transaction Growth — Near All-Time High!
The first two months of the year were just a warm-up. March was a full sprint in transaction volumes. Last month, we saw a 110% MoM growth in transaction volume, coinciding with heightened Naira volatility.
Over Q1, our volumes climbed steeply up to 10x compared to the previous year. Our fastest-growing segment? Users hedging their fiat with stablecoins and spending stablecoins. This strong signal is guiding the next phase of our product development, and we’ll let you in on it very soon! 😉
Boldly Complying
At Finna, our mantra is to be a regulatory-compliant custodial ecosystem. In March, we took important steps to navigate the dynamic local regulatory landscape.
We completed several jurisdictional reviews, helping us stay ahead of evolving regulatory changes. Another major milestone: we completed the NDPR audit, a huge step forward in our commitment to protecting user data across all our services.
And that’s not all, we also rolled out a complete upgrade to our verification system! We heard your feedback, and this overhaul directly addresses a key pain point for many new users. Result? Significantly faster onboarding and a stellar 99.97% uptime. 🚀
Product Improvements — A Hint of Magic
Red market, green market, doesn’t matter. We’ve been heads-down, hacking stablecoins to unlock their full potential. Our product and engineering team spent March rethinking and rebuilding for greater efficiency and a smoother user experience across the Finna ecosystem.
And we’re not stopping there, we’ve also introduced real-time market rate notifications for supported assets, so you’re always updated on price movements and can act fast.
As for what we’re cooking next? Here’s a hint: it’s faster, cleaner, and smarter. Think fewer taps and a smoother experience. You gerrit? 😏
Stablecoin Real Talk
We’ve kicked off Twitter Spaces (on X) to dive into the future of stablecoins, featuring thought leaders from Onchain Foundation, Relend Network, and Web3 Nigeria. These sessions are designed for community participation, so your insights matter just as much as our speakers’.
Over 100 listeners have already tuned in, and recordings are still available. Missed the last session? Don’t worry, we’re already planning the next one. Join us!
That’s a wrap for March. April? Let’s just say we’re ramping things up!
Hold tight and stay tuned.
Join us on this journey to the Finna side of lending, payments & remittances via our various channels ⤵️
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