HoneyCoin, a Kenya-based fintech, has secured $4.9 million in seed funding to expand its stablecoin-powered payment platform across Africa and global markets. The investment round was led by Flourish Ventures, with participation from major players like Visa.

• The funding, totaling $4.9 million, will support expansion, product development, and recruitment.
• The round saw participation from Visa Ventures, TLcom Capital, Stellar Development Foundation, Lava, Musha Ventures, 4DX Ventures, and Antler.
• Founded in 2020 by David Nandwa, HoneyCoin's platforms process over $150 million in monthly transactions across four continents, serving 350 enterprise clients.