What they do:

Vaulfi is building a stablecoin-based neobank for North Africa. The company enables individuals to hold, send, receive, and spend money using stablecoins through a simple mobile application and a stablecoin-powered card.

Users benefit from fast, low-cost cross-border payments, access to EUR-denominated accounts, and the ability to move money across countries without relying on traditional banking infrastructure or expensive remittance providers.

Vaulfi manages the full stack; including on- and off-ramping, compliance, and wallet management allowing customers to transact globally with the simplicity and reliability of a local bank account.

Its long-term vision is to evolve into a fintech super app serving the region’s growing digital economy.

Why we invested:

North Africa has strong demand for cross border payments, foreign currency access, and digital financial services, yet large parts of the population remain underserved by traditional banking infrastructure. Stablecoins offer a practical solution by enabling low cost, near instant settlement and access to global financial rails.

Vaulfi is building a financial platform designed around these rails from the outset. By combining stablecoin wallets, foreign currency accounts, and card based spending in a single product, the company addresses a clear structural gap in the region’s financial system. We believe this approach positions Vaulfi to become an important access point for digital finance across North Africa.

The Founder:

Dr. Safa Korti is the Co-Founder and CEO of VaulFi. She is an Algerian entrepreneur with a dentistry degree, and a prestigious scholarship from the U.S. Embassy, founded VaulFi to address the financial exclusion she experienced firsthand. Growing up in Algeria, she faced significant challenges accessing modern financial tools, inspiring her to create solutions for underserved communities. Known for her bold and determined nature, Safa has also produced some of the largest technology and startup events in Africa and the world, showcasing her ability to turn vision into impactful innovation

Karim Khattaby is the Co-Founder and CTO of VaulFi. With a strong passion for startups and social impact, he brings hands-on experience in building and scaling tech ventures, having built the first GPUaaS in MENA, and led a leading AI startup in the region to reach $15M+ in annual revenue as their deputy CTO where he also built their technical team.Karim brings the industry knowledge from his role at one of the largest financial institutions in the region.
Karim won many awards from Microsoft and Amazon

Active in:

North Africa