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

According to reports from Hash World News, the Kenyan Web3 payment platform HoneyCoin has announced the completion of a $4.9 million funding round led by Flourish Ventures. The funds will be used to scale operations, diversify the product line, and bring in executives. HoneyCoin was founded by David Nandwa in 2020, and the platform's monthly transaction volume has exceeded $150 million, serving 350 business clients and hundreds of thousands of users. HoneyCoin achieves instant or same-day settlement through a stablecoin-compatible platform, supporting operations in 45 countries, and has established partnerships with organizations such as MoneyGram, UBA Bank, and Stripe. This funding will help further expand its team and compliance layout.