# SurgePay

> SurgePay is a Stellar-based borderless money app for African professionals, offering wallets, remittances and virtual USD cards.

Source: https://www.neobank.wiki/wiki/surgepay
Last updated: 2026-08-12
Categories: Financial technology, Nigeria neobanks, Payment platforms, Remittance platforms, Consumer neobanks, Companies founded in 2026

**SurgePay** is a stablecoin-first payments app for African freelancers, diaspora senders and cross-border traders. Incorporated in the United States (SurgePay Inc., Delaware) with Lagos operations, it launched in 2026 as a single place to receive, hold, send and spend USD and local currencies, and later won a six-figure **Stellar Community Fund** award.[^sp1]

## History

The company positioned itself against fragmented remittance-plus-USD-wallet stacks, citing Africa’s large diaspora fee burden. TechCabal covered the February 2026 launch; by April it reported live volume (on the order of $150,000 over two months in one account) and Stellar backing to scale Stellar-network settlement into Nigerian banks and mobile money.[^sp2]

## Model

SurgePay is a crypto-rail wallet with local on/off-ramps, not a chartered bank. Settlement on Stellar is meant to cut correspondent-bank time and cost (the company has claimed ~3% all-in versus ~9% industry remittance averages). Compliance is described via international partners rather than a published full-bank licence.

## Products

Multi-currency wallets (USD and NGN, with more African currencies advertised), virtual cards, instant stablecoin-to-naira conversion, remittances into 20+ Nigerian banks and mobile money, and P2P between Surge wallets.

## External links

- [SurgePay official website](https://surgepay.tech/)

## Infobox

- **Type**: Private
- **Launched**: 2026
- **Headquarters**: Delaware, U.S. / Lagos
- **Focus**: Remittance / virtual cards
- **Rails**: Stellar stablecoins
- **X**: @surgepay_io
- **Website**: [surgepay.tech](https://surgepay.tech/)

## Frequently asked questions

### What is SurgePay?

SurgePay is a Stellar-based borderless money app for African professionals, offering wallets, remittances and virtual USD cards.

### Where is SurgePay headquartered?

SurgePay is headquartered in Delaware, U.S. / Lagos.

### What type of company is SurgePay?

SurgePay is described as Private in its neobank.wiki profile.

### What is the official SurgePay website?

The official website for SurgePay is https://surgepay.tech/.


## References

[^sp1]: SurgePay is a stablecoin-powered global payments and virtual-card app for African users. — https://surgepay.tech/
[^sp2]: TechCabal covered SurgePay’s 2026 launch; later reporting described a six-figure Stellar Community Fund award. — https://techcabal.com/2026/02/11/surgepay/