Kenya's Web3 payment platform HoneyCoin completes $4.9 million financing

According to HashChain news, Kenya's Web3 payment platform HoneyCoin announced the completion of $4.9 million in financing, led by Flourish Ventures. The funds will be used to expand operational scale, enrich the product line, and bring in senior executives. HoneyCoin was founded by David Nandwa and currently has a monthly transaction volume exceeding $150 million, serving 350 enterprise 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 round of financing will help further develop its team and compliance layout.