# Evolution

> Evolution (formerly Cryptonia) is a Nigerian global-payments app for freelancers, with USD/EUR accounts, stablecoins and virtual cards.

Source: https://www.neobank.wiki/wiki/evolution
Last updated: 2026-08-12
Categories: Financial technology, Nigeria neobanks, Payment platforms, Consumer neobanks, Partner-bank neobanks

**Evolution** is a Nigerian financial technology app, rebranded from **Cryptonia**, that gives remote workers and creators named USD, EUR and GBP accounts, a stablecoin wallet, virtual cards and instant naira cash-out. Founder **Oluwatimilehin Oluwasanmi** (“Timmy”) built it after years running a WhatsApp OTC desk; the company is registered with the U.S. FinCEN as a money-services business.[^evo1]

## History

From 2021 Oluwasanmi moved USDT/USDC for clients on WhatsApp. Cryptonia productised that OTC flow; the Evolution rebrand (2026) added ACH/SEPA receive accounts, unified USD/EUR balances and cards so users would not need a remittance app plus an exchange plus a USD wallet. At rebrand the company cited 6,600+ users, $10 million lifetime volume and a $1.3 million peak month (March 2026).[^evo2]

## Founders

**Oluwatimilehin Oluwasanmi** is founder and chief executive. He has described Evolution as a global payments platform for people in emerging markets who earn online, not a licensed retail bank.

## Model

Evolution is a FinCEN-registered MSB using licensed U.S. banking partners and multi-chain stablecoin rails (Solana, BNB Chain, Polygon, Ethereum). A virtual naira account funds USD balances from Nigerian banks. It is a partner-rail wallet, not a CBN deposit-taking bank.

## Products

Virtual USD/GBP/EUR account numbers (ACH, wire, SEPA, SWIFT); stablecoin deposits; virtual cards on the USD balance; virtual naira account; and instant withdrawals to Nigerian banks. Expansion has been discussed for Ghana, Kenya and other African markets.

## External links

- [Evolution official website](https://evolutionglobal.xyz/)

## Infobox

- **Type**: Private
- **Formerly**: Cryptonia
- **Founder**: Oluwatimilehin Oluwasanmi
- **Headquarters**: Nigeria
- **Licence**: U.S. FinCEN MSB
- **Focus**: USD accounts / cards
- **X**: @evolutionapp_
- **Website**: [evolutionglobal.xyz](https://evolutionglobal.xyz/)

## Frequently asked questions

### What is Evolution?

Evolution (formerly Cryptonia) is a Nigerian global-payments app for freelancers, with USD/EUR accounts, stablecoins and virtual cards.

### Where is Evolution headquartered?

Evolution is headquartered in Nigeria.

### Who founded Evolution?

Evolution was founded by Oluwatimilehin Oluwasanmi.

### What type of company is Evolution?

Evolution is described as U.S. FinCEN MSB in its neobank.wiki profile.

### What is the official Evolution website?

The official website for Evolution is https://evolutionglobal.xyz/.


## References

[^evo1]: Evolution (formerly Cryptonia) is a global-payments app for African freelancers, with FinCEN MSB registration. — https://evolutionglobal.xyz/
[^evo2]: At rebrand Evolution reported 6,600+ users and over $10 million in lifetime transaction value. — https://techcabal.com/2026/04/27/cryptonia-becomes-evolution-to-power-global-citizens/