Kenyan Fintech HoneyCoin Raises $4.9M to Expand Stablecoin Payments Across Africa

 Kenyan fintech startup HoneyCoin has raised $4.9 million in seed funding to fuel its expansion across Africa. The company is transforming cross-border transactions by leveraging stablecoins, offering faster, cheaper, and more transparent payments for individuals and businesses.

Revolutionizing African Cross-Border Payments

HoneyCoin’s platform enables users to send and receive money across African borders without the high fees, long delays, or complex processes often associated with traditional remittance systems. By using blockchain-powered stablecoins, the company ensures transactions are secure, near-instant, and shielded from the volatility that often plagues cryptocurrencies.

With this new funding, HoneyCoin plans to scale its services into more African markets, strengthen regulatory compliance, and enhance partnerships with financial institutions and payment gateways.

The Growing Stablecoin Opportunity in Africa

Africa’s cross-border payment market is valued at billions of dollars annually, yet many regions remain underserved. Stablecoins have emerged as a game-changing tool, allowing faster settlements, reducing currency conversion costs, and enabling financial inclusion for those outside traditional banking systems.

HoneyCoin’s success reflects the growing confidence of investors in blockchain-powered fintech solutions for Africa’s payment challenges.