HoneyCoin, the Nairobi-based fintech startup bridging fiat and crypto payments, has raised $4.9 million in fresh funding to expand its stablecoin-powered cross-border payment services into new markets.
Founded in 2020, HoneyCoin enables businesses and creators to transact instantly across borders using stablecoins like USDC—sidestepping traditional remittance challenges like high fees and long settlement times. The startup already helps users manage multi-currency wallets, global transfers, and offers access to banking rails via APIs. It recently hit PCI DSS Level 1 compliance, a significant milestone underscoring its focus on data security.
This funding will accelerate HoneyCoin’s push into new countries and deepen its offerings across Africa. With stablecoins gaining traction as a fast, affordable, and inflation-resistant payment method in emerging markets, the investment comes at a pivotal moment for remittance innovation.
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