Ezeebit Raises $2.05 Million to Scale Stablecoin Payments Across Africa

Ezeebit has raised $2.05 million to expand its stablecoin payment infrastructure across South Africa, Kenya and Nigeria...

✨ Key Highlights

Ezeebit, a South African stablecoin and cryptocurrency payment infrastructure company, has secured $2.05 million in seed funding to expand product development and merchant adoption across South Africa, Kenya, and Nigeria.

Since its launch, Ezeebit has processed over 30,000 transactions worth millions of dollars in GMV.
The funding round was led by Raba Partnership and Founder Collective, with strategic angels including Terry Angelos, former Head of Fintech at Visa.
Daniel Katz, CEO and Co-Founder of Ezeebit, highlights that stablecoins are the "logical next step" in Africa's digital payments evolution, addressing high card fees and expensive remittances, which average 8.78% in Sub-Saharan Africa.

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