Kenyan fintech startup HoneyCoin has raised $4.9 million to scale its stablecoin-powered payment platform, aiming to transform digital transactions across Africa.
The funding round was led by Pan-African venture funds and strategic angel investors, signaling strong confidence in HoneyCoin’s mission to provide secure, fast, and stable digital payments for individuals and businesses.
HoneyCoin leverages blockchain technology and stablecoins to reduce transaction costs, speed up cross-border payments, and mitigate currency volatility challenges that have long hindered Africa’s digital economy. The platform enables businesses and consumers to pay, receive, and transact seamlessly across multiple currencies.
“Our goal is to make digital payments as easy and reliable as cash,” said CEO of HoneyCoin. “With this funding, we’ll accelerate adoption, expand our offerings, and make stablecoin payments mainstream across Africa.”
The $4.9M investment will allow HoneyCoin to:
- Onboard more merchants and payment partners across Africa
- Enhance the platform’s security and scalability
- Launch new tools for SMEs to transact digitally and access liquidity solutions
Africa’s digital payment landscape is rapidly growing, yet currency fluctuations and cross-border friction remain major obstacles. HoneyCoin’s stablecoin solution promises reliable, cost-effective payments, helping businesses expand and consumers transact confidently.
Kenya’s HoneyCoin is buzzing onto the African fintech scene with $4.9M in funding, paving the way for stable, blockchain-powered payments across the continent.
Read more on Tech Gist Africa:
Sun King Secures $156 Million to Expand Clean Energy Kenyans
MYDAWA, a Kenyan e-health startup Secures $20 Million Funding
Umba, a Kenyan Digital Bank Secures $5 Million in Debt Financing