PANews, August 13 - According to BitKE, Kenya's Web3 payment platform HoneyCoin has announced the completion of a $4.9 million financing round, led by Flourish Ventures. The funds will be used to expand operations, diversify the product line, and attract senior executives. HoneyCoin's founder, David Nandwa, started the company at the age of 19 in 2020. The platform's monthly transaction volume has exceeded $150 million, serving 350 enterprise clients and hundreds of thousands of users. HoneyCoin achieves instant or same-day settlement through a stablecoin-compatible platform, supporting business operations in 45 countries, and has established partnerships with organizations such as MoneyGram, UBA Bank, and Stripe. This financing will help further expand its team and compliance framework.
