• UAE-based non-custodial payments app COCA has raised an undisclosed investment from the Stellar Development Foundation (SDF) and FunFair Ventures.
• Founded in 2023 by Pavel Matveev, COCA offers a fusion of MPC security and a non-custodial debit card.
• With this investment, COCA is set to scale its operations faster and expand its platform.

Press release:

COCA fam! We’re thrilled to announce that COCA has secured strategic investment from the Stellar Development Foundation (SDF) and FunFair Ventures! This isn’t just a financial boost—it’s a game-changing milestone that will help us supercharge the future of stablecoin payments and expand deeper into the Stellar ecosystem.

Since launching just a year ago, COCA has already onboarded over 1 million users, proving that stablecoins are the future of digital payments. Our mission has always been simple: make stablecoin and crypto payments seamless, secure, and accessible for everyone—without the headaches of private key management, high fees, or limited merchant acceptance.

With this new funding, we’re ready to scale at lightning speed and make stablecoin payments as easy as using your everyday bank card. Thanks to our deep integration with the Stellar network, COCA users can pay with stablecoins at over 80 million merchants worldwide via our non-custodial Visa debit cards and IBANs.

So, what’s next for COCA? We’re doubling down on innovation to bring you the best stablecoin payment experience. Here’s how:

• Seamless Stablecoin Payments – Spend stablecoins anywhere with COCA’s non-custodial debit cards & IBANs—no intermediaries, no friction.
• Deep Stellar Integration – From MoneyGram’s global remittance services to Soroban smart contracts, we’re tapping into Stellar’s powerhouse ecosystem.
• MPC Security & Anonymous Biometric Backup – Your wallet is safer than ever, with no private keys to lose and next-gen biometric backup.
• Universal Gas Token (UGT) – A game-changer that lets you pay gas fees across multiple blockchains with a single token.
• Zero-Fee Swaps & Cross-Chain Transactions – Sending stablecoins just got cheaper and easier.
• Crypto Cashback on Every Purchase – Get rewarded with crypto cashback every time you spend with your COCA card.

Pavel Matveev, our Product Advisor, says it best: "This investment is not just financial—it’s a strategic milestone. COCA and Stellar Development Foundation share the same vision of making everyday financial services accessible. With Stellar’s support, we’re scaling faster, expanding our platform, and strengthening our position in the global payments space."

Denelle Dixon, CEO & Executive Director of Stellar Development Foundation, shares our excitement: "Stablecoins are powering payments and opening up economic opportunities for millions. COCA’s user-friendly, non-custodial approach is exactly what’s needed to drive adoption, and we’re proud to support them."

With this investment, COCA is set to revolutionise the way people use stablecoins—turning them into a true everyday payment method. No banks, no intermediaries, just pure financial freedom.