HoneyCoin Secures $4.9M to Expand Stablecoin Payments
HoneyCoin raises $4.9M to scale its stablecoin-powered payment platform across Africa and global markets, backed by Visa, TLcom, and Flourish..
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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.
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Tech Firms Target African Markets with New Leadership, Products, and Partnerships - August 2025
Technology companies are making strategic moves to expand their market share across Africa. Kenya-based fintech HoneyCoin secured $4.9 million in seed funding to expand its stablecoin-powered payment platform across the continent, with the investment round led by Flourish Ventures and including Visa. In the mobile money sector, Airtel Money Africa expanded its partnership with pawaPay to enable instant cross-border remittances for its 161 million customers in seven African markets. Concurrently, Xiaomi has appointed new country and regional managers to accelerate market share growth in Kenya, East, and West Africa. Apple is also reportedly developing a new 12.9-inch MacBook priced at $599, a move that could make its products more accessible in markets like Kenya, Nigeria, and South Africa.
