Ezeebit, a stablecoin and cryptocurrency payment infrastructure company regulated by South Africa’s Financial Sector Conduct Authority (FSCA), has raised $2.05 million in seed funding. The startup will use the funding to accelerate product development and expand merchant adoption across South Africa, Kenya and Nigeria.
Ezeebit has positioned itself as a bridge between decentralised finance and traditional financial rails. The platform allows merchants to accept cryptocurrency payments with instant stablecoin settlement and next-business-day fiat payouts.
If you have a startup you want featured on TechArena, let us know through this contact form here.
Since launch, Ezeebit says it has processed more than 30,000 transactions worth millions of dollars in GMV, with clients including iStore, Le Creuset, Scoin, Tintswalo Lodges, Amiri, and Diesel.
The round was led by Raba Partnership, an early investor in Flutterwave, Stitch, Fuse, and BVNK, alongside Founder Collective, whose portfolio includes Uber, Airtable, WHOOP, and The Trade Desk. The round also includes strategic angels such as:
- Terry Angelos, former Head of Fintech at Visa
- Anton Katz, CEO of Talos
- Nadir Khamissa, Co-founder of Hello Group
- David De Picciotto, former GM of Expansion at Revolut
- Chris Harmse, Co-founder and Chief Business Officer at BVNK
Ezeebit argues that Africa’s existing payment rails have high card fees, settlement delays, frequent declines, and limited cross-border options. These leave merchants exposed and inefficiencies unresolved.
“African merchants are tied to slow, expensive payment rails, while consumers increasingly hold crypto for remittances and savings but lack a safe way to spend it,” said Daniel Katz, CEO and Co-Founder of Ezeebit.
“We bridge this gap by connecting decentralised and traditional finance with a compliant stablecoin settlement layer. This funding empowers us to provide that vital infrastructure, allowing millions to participate fully in the global digital economy.”
Mobile money adoption has already familiarised African consumers with QR-based and account-to-account digital payments. Katz says stablecoins are the “logical next step”, especially as Sub-Saharan Africa remains the most expensive region for remittances at 8.78% on average, creating demand for faster and cheaper rails.
Investors backing the company say Ezeebit is building essential infrastructure for a market undergoing rapid digital payments growth.
“What’s happening in Africa is extraordinary. Millions of people hold crypto but can’t spend it; merchants need faster, cheaper rails, but legacy systems keep them locked out. Ezeebit is building the bridge,” said David Frankel, Co-Founder and Managing Partner at Founder Collective.
Amanda Herson, General Partner at Founder Collective, added, “What excites us most is how Ezeebit makes something complex feel simple. They’ve built real infrastructure, including wallet orchestration, instant hedging, and compliance tooling, that makes crypto payments work like tapping a card. In markets where half the population is unbanked, Ezeebit isn’t just processing transactions, they’re opening access and building a trusted brand in the space.”
“While Sub-Saharan Africa remains the most expensive region for money movement, Ezeebit is rebuilding the payment stack with compliant stablecoin and crypto rails,” said George Rzepecki, Founder at Raba Partnership. “Regulatory clarity in key African markets creates a rare window to build this infrastructure at scale.”
For these and more stories, follow us on X (Formerly Twitter), Facebook, LinkedIn and Telegram. You can also send us tips or reach out at [email protected].
Also Read: Kuunda Raises $7.5 Million Pre-Series A to Power Financial Inclusion Across Africa and MENA
