African stablecoin payment infrastructure Ezeebit raises $2.05 million in seed funding.
AI Summary1 min read
TL;DR
Ezeebit, a South African-regulated crypto payments startup, raised $2.05 million in seed funding to boost product development and expand in South Africa, Kenya, and Nigeria, with investors including Raba Partnerships and industry executives.
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Ezeebitstablecoin paymentsseed fundingAfrica fintechcrypto infrastructure
According to Mars Finance, market sources indicate that Ezeebit, a crypto payments startup regulated by the South African FSCA, has announced the completion of a $2.05 million seed funding round. The company will use the funds to accelerate product development and merchant expansion in South Africa, Kenya, and Nigeria. Ezeebit supports instant settlement in stablecoins and next-day local fiat currency payments, and has already processed over 30,000 transactions. Investors include Raba Partnerships, Founder Collective, and executives from industry giants such as VISA, Revolut, and Talos.