HoneyCoin Raises $4.9M to Accelerate Global Payment Expansion

HoneyCoin, a Kenyan stablecoin payment orchestration platform, has raised $4.9 million funding to scale its operations, expand its product suite, and bolster its team to strengthen its position as a prominent player in the payments industry.

The investment strengthens HoneyCoin’s mission to transform cross-border payment infrastructure and bridge the gap between traditional finance and blockchain-powered solutions.

From Startup Vision to Global Reach

Founded in 2020 by David Nandwa at just 19, HoneyCoin began during the pandemic as an ambitious fintech experiment. Today, it has grown into a high-volume payments powerhouse, processing over $150 million every month. The platform serves more than 350 enterprise clients and hundreds of thousands of individual users via its flagship consumer app, Peer.

Under Nandwa’s leadership, HoneyCoin aims to build a financial operating system where traditional rails and blockchain solutions work side by side. This vision has resonated with both institutional backers and emerging market users who seek faster, more reliable global transactions.

Strong Investor Backing

Flourish Ventures, an early investor since 2021, doubled down with this latest round, citing HoneyCoin’s shift into a licensed, profitable, and high-growth infrastructure provider. Efayomi Carr, Principal at Flourish Ventures, praised the company’s ability to deliver real-world blockchain payment benefits.

Visa Ventures highlighted HoneyCoin’s use of stablecoins to streamline payments and improve inclusion, especially in emerging economies where traditional banking systems face bottlenecks.

Innovating for Frontier Markets

HoneyCoin tackles inefficiencies in traditional cross-border payment infrastructure, particularly in frontier markets. By integrating stablecoin-compatible solutions for collections, treasury management, settlements, and FX, the company enables faster and cheaper transactions.

Its stablecoin liquidity engine reduces settlement times from several days to same-day transfers, allowing businesses to bypass outdated rails and fragmented systems.

Expanding Global Presence

HoneyCoin now operates in over 45 countries and holds regulatory licenses in the US, Canada, the EU, and several African nations. It is PCI-DSS Level 1 certified and connected with major financial and telecom networks, including UBA Bank, MoneyGram, and Stripe.

The platform supports collections and disbursements in 15 African markets as well as across North America, Europe, and the UK — offering clients seamless access to both fiat and  settlement options.

Product Innovation Driving Adoption

One of HoneyCoin’s standout products, FXHub, allows trading in 49 currencies at competitive rates while providing treasury teams with real-time insights.

Its API-first approach makes it easy for developers, payment service providers, and enterprises to plug into its stablecoin settlement rails and FX liquidity services. High-growth companies like Cedar Money, TerraPay, and Jiji are already leveraging HoneyCoin to power their payment flows.

Fueling the Next Phase of Growth

The $4.9 million will be used to expand HoneyCoin’s leadership team, enhance licensing and compliance capabilities, and further develop its payment solutions.

Nandwa sees the company’s role as building the “operating system for money” — infrastructure that is resilient, interoperable, and global.

With strong funding, rapid adoption, and a clear vision, HoneyCoin is positioning itself at the forefront of the future of cross-border payment infrastructure. Its ability to blend fiat and blockchain services offers businesses faster, more reliable, and fully compliant global payments.

BlockchainTechnologyCrossBorderPaymentsfintechGlobalFinancePaymentInfrastructureStablecoins