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Kenya's Web3 payment platform HoneyCoin has completed a $4.9 million financing, with a monthly transaction volume exceeding $150 million.
[Chain News] On August 13, Kenya's Web3 payment platform HoneyCoin announced the completion of a $4.9 million financing round, led by Flourish Ventures. The funds will be used to expand operations, enrich the product line, and bring in senior executives. HoneyCoin founder David Nandwa founded the company at the age of 19 in 2020. Currently, the platform's monthly transaction volume exceeds $150 million, serving 350 enterprise clients and hundreds of thousands of users. HoneyCoin achieves instant or same-day settlement through a stablecoin-compatible platform, supporting business in 45 countries, and has established partnerships with institutions such as MoneyGram, UBA Bank, and a trading platform. This financing will help further expand its team and Compliance layout.