African stablecoin payment infrastructure Ezeebit raises $2.05 million in seed funding.

According to bitcoinke, 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. The company 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.