Kenyan Web3 payment platform HoneyCoin secures $4.9 million in funding led by Flourish Ventures

According to Odaily Planet Daily, Kenyan Web 3 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, diversify product lines, and recruit senior executives. HoneyCoin founder David Nandwa founded the company in 2020 at the age of 19. The platform currently has a monthly transaction volume of over $150 million, serving 350 corporate clients and hundreds of thousands of users. HoneyCoin achieves instant or same-day settlement through a stablecoin-compatible platform, supports business in 45 countries, and has established partnerships with institutions such as MoneyGram, UBA Bank, and Stripe. This financing will help it further expand its team and compliance layout. (BitKE)