African stablecoin payment infrastructure Ezeebit completes $2.05 million seed funding round

ChainCatcher news, according to market sources, Ezeebit, a crypto payment startup regulated by South Africa's FSCA, announced the completion of a $2.05 million seed round. The funds will be used to accelerate product development and merchant expansion in South Africa, Kenya, and Nigeria.

The company supports instant stablecoin settlement and next-day local fiat payments, and has processed over 30,000 transactions. Investors include Raba Partnerships, Founder Collective, as well as industry executives from VISA, Revolut, and Talos.