Organization Name – Chainpal

Category – Payment

About

powered by irmaAI

Disclosure: VaaSBlock operates this directory and has also issued the RMA™ certification on this profile.

ChainPal, based in Akure, Ondo, Nigeria, is an AI-powered blockchain payment gateway built on USDC and USDT rather than a native token — a design choice that sidesteps a large category of token-volatility risk entirely by settling in already-established stablecoins. RMA™ status is Audit Underway: VB1 Business Registration Verified, with the remaining six pillars at Audit Commenced. VBTransparencyScore 7.93 at the 50th percentile, ranked 7th of 27 in… Payment.

Founder and Director Michael Jimoh is identity-verified in the VaaSBlock registry. Co-founder and COO Meesha Kambira and Head of Partnerships Boluwatife Ogunsina are both named but not verified. One dating inconsistency worth flagging: the project’s own descriptive text states it "launched in 2024," while the structured record consistently shows 2025 as the founding year, matching the domain’s own May 2025 registration date.

The achievement log confirms 2025 company founding alongside acceptance into the AyaHQ × Lisk incubation program — a real, checkable startup-accelerator placement. No independent media coverage was located beyond the project’s own channels.

The stablecoin-native payment gateway regulatory positioning context is directly relevant to ChainPal’s core design choice: as US and international stablecoin regulation clarifies, a payment gateway built entirely on USDC and USDT from day one — rather than retrofitting a native token into a compliance framework later — is a genuinely defensible strategic position, and one that an early-stage Nigeria-based payments company is betting on ahead of most competitors in this category. Read More