African stablecoin payment infrastructure Ezeebit raises $2.05 million in seed funding.
Ezeebit, a crypto payment startup regulated by South Africa's FSCA, announced the completion of a $2.05 million seed funding round, which will be used to accelerate product development and merchant expansion in South Africa, Kenya, and Nigeria. The company supports stablecoin instant settlement and next-day local fiat payment, having processed over 30,000 transactions. Investors include Raba Partnerships, Founder Collective, as well as industry executives from VISA, Revolut, Talos, and others.
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