HHoneyCoin helps African creators monetize their content and manage money across borders. It lets creators sell digital goods and tickets, then withdraw earnings via mobile money or bank transfers in many African countries, with instant payouts. It offers mid-market exchange rates for currency conversions and supports over 20 cryptocurrencies where legal, with transaction fees for withdrawals and conversions. Its goal is to provide practical financial tools for African Gen Z and Millennial creators to earn a living online and grow their audiences.
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Industries
Company Size
11-50
Company Stage
Seed
Total Funding
$5.1M
Headquarters
Nairobi, Kenya
Founded
2020
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Total Funding
$5M
Below
Industry Average
Funded Over
3 Rounds
Industry standards
Tether and HoneyCoin collaborate to expand stablecoin access across Africa. 9 December 2025 - Tether, the largest company in the digital asset industry, and HoneyCoin, one of the fastest-growing African fintech platforms on a mission to build the operating system for money movement in frontier markets, are announcing a strategic collaboration aimed at accelerating access to digital assets across Africa. HoneyCoin provides innovative solutions for cost-effective storage, transfer, and exchange of value globally. By leveraging blockchain technology and traditional financial infrastructure, the company is addressing long-standing challenges in cross-border transactions, such as high costs, delays, and inefficiencies. As part of this collaboration, HoneyCoin will launch a cashless point-of-sale (POS) platform with USD₮ payments, enabling merchants to accept stablecoins directly at checkout. This development expands payment options for shoppers while helping merchants increase sales and customer convenience. Additionally, HoneyCoin will integrate USD₮ into its growing ecosystem, enabling merchants to make online and in-person payments across Africa and globally at lower costs, thereby facilitating trade and payments. Read more: https://tether.io/news/tether-and-honeycoin-collaborate-to-expand-stablecoin-access-across-africa/
David Nandwa, after having $5k frozen by PayPal, founded Honeycoin in 2020 to bridge blockchain and traditional finance in Africa. The company now processes over $150 million monthly across 40 markets and has raised nearly $6 million in funding. With partnerships from Tether and Binance, Honeycoin aims to reach $1 billion in monthly transactions within six months, transforming cross-border payments for Africans.
HoneyCoin, a Nairobi-headquartered payment orchestration platform, has announced a $4.9 million seed round led by Flourish Ventures, with participation from Visa Ventures, TLcom Capital, Stellar Development Foundation, Lava, Musha Ventures, 4DX Ventures, and Antler.
Kenyan fintech HoneyCoin raises $4.9M to expand stablecoin payments in Africa and beyond.
Kenyan fintech HoneyCoin raised $4.9 million in seed funding to expand its stablecoin cross-border payment services into Africa, Latin America, and Asia. Led by Flourish Ventures, the round included TLcom Capital, Stellar Development Foundation, and Visa Ventures. HoneyCoin processes $150 million monthly, serving 350 enterprise clients. The funds will be used to hire executives, secure licenses, and expand into new markets, with plans for new products by Q3 2025.
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Industries
Company Size
11-50
Company Stage
Seed
Total Funding
$5.1M
Headquarters
Nairobi, Kenya
Founded
2020
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs