Kenya’s HoneyCoin raises $4.9 million to expand stablecoin cross-border payments into new markets
- HoneyCoin raised $4.9 million in seed funding led by Flourish Ventures.
- The startup aims to capture a slice of Africa's $329 billion cross-border payments market.
- HoneyCoin processes $150 million monthly in transactions, serving 350 enterprise clients.
Bendada.com - Aug 12, 2025
HoneyCoin raises $4.9M Seed to kill correspondent banking in Africa
HoneyCoin, a Kenya-based fintech, has raised $4.9 million to enhance its stablecoin-powered payment
HoneyCoin's innovative approach to payment solutions in emerging markets is commendable, especially its focus on reducing transaction times and costs. However, as competition intensifies in the fintech space, it will be crucial for HoneyCoin to maintain its technological edge and regulatory compliance to ensure sustainable growth.
