From an app built on WhatsApp, an instant messaging platform, to a full-fledged B2B liquidity platform, OneLiquidity began as an over‑the‑counter foreign exchange and stablecoin operation run on WhatsApp by founder and Chief Executive Officer (CEO) Munachi Ogueke.
The product started as a stablecoin-to-fiat exchange operating on a messaging app, enabling small businesses to move money within and across borders using (USDT (Tether) and USDC (U.S dollar coin) as the bridge layer.
Working with a small circle of clients, Ogueke helped people move money across borders, setting margins on each transaction and manually coordinating trades. It was an informal system that revealed a bigger opportunity: businesses needed faster, more reliable ways to move money at scale.
According to AfricaNeda, Africa is the most expensive region in the world to send money to or within. As of Q1 2025, the average cost of sending $200 to Africa remained at 8.2%, only declining marginally from 9.8%.
This is the gap OneLiquidity, a combined FX and stablecoin liquidity desk with proprietary smart-routing technology built for Africa’s complex currency corridors, was built to close.
In 2022, OneLiquidity entered its founding, product-build phase, as the team decided to turn the WhatsApp operation into a proper product. Emeka Eze, lead product designer at OneLiquidity, joined at the time and, together with the CTO, engineers, and product stakeholders, began shaping a dashboard where customers could create wallets, trade assets, and manage payouts on their own without the back-and-forth of interacting on WhatsApp.
With the rollout of the all-in-one dashboard, the numbers speak for themselves. In a conversation with TechCabal, OneLiquidity revealed it has processed billions of dollars in transaction volume since its inception, with $5.1 billion of that recorded in 2024 alone. Annual revenue grew by a staggering 200% in just one year of operation with the introduction of the dashboard, and the platform continued to grow at over 20% month on month.
The first MVP, designed and shipped in the final quarter of 2022, according to Eze, combined crypto, fiat, and compliance products.
Businesses could open crypto and local-currency wallets, exchange between assets, send large payouts to partners in other markets, and plug into OneLiquidity’s compliance APIs to screen customers and wallets against blacklists.
By the time the company held its product launch in September 2023, the product was fully live and backed by a website, a coordinated marketing push, and a small team that had seen it through from concept to launch day, with Eze spearheading the launch event itself.
Over the years, the product team developed security-focused compliance features that strengthen transaction safety, ensuring regulatory adherence and reducing fraudulent activities. They also designed interfaces and user flows to help integrated businesses with their KYC/KYB processes (Know Your Customer and Know Your Business) and AML providers.
Since 2024, the company has shifted to a leaner business model or approach, phasing out compliance-as-a-service and focusing on providing reliable liquidity for the day-to-day operational needs of institutional clients. In a recent discussion with TechCabal, Eze revealed that OneLiquidity’s current direction is doubling down on the three pillars that form the product’s core: payments, trading, and lending.
In practice, those three pillars now function less like separate features and more like a single stack. On payments, OneLiquidity’s smart-routing technology automatically finds the most efficient path for moving money across Africa’s currency corridors, rather than coordinating each transfer manually.
On trading, that same routing layer lets businesses convert between fiat and crypto, using stablecoins as the bridge, giving them access to liquidity across markets without having to build their own banking relationships in each one.
Lending is the newest addition, and in some ways the most telling one: rather than trying to be everything to every client, OneLiquidity built lending around one specific problem, giving clients short-term operational funding that removes payment gap/friction while funds move across a corridor, so a business never has to pause while it waits.
Today, OneLiquidity positions itself squarely as a B2B liquidity partner, helping businesses move large sums globally, trade across fiat and crypto, and access short-term operational funding through its lending systems.
Africa remains the most expensive region in the world to move money in or out of, and OneLiquidity proposes that its platform can solve this problem long-term.
To get started with OneLiquidity, your all-in-one platform for integrated liquidity, payments, trading, and lending. Head over to www.oneliquidity.com
