Kenyan Web3 payment platform HoneyCoin, founded by David Nandwa at age 19, secured $4.9M led by Flourish Ventures to expand operations, diversify its product line, enhance executive recruitment, and strengthen compliance, according to PANews via BitKE.
HoneyCoin, a Kenyan Web3 payment platform founded in 2020 by David Nandwa at age 19, completed a $4.9M funding round led by Flourish Ventures as reported by PANews via BitKE. The funds will expand operations, diversify the product line, recruit senior executives, further expand the team, and strengthen compliance efforts. The platform processes over $150 million in monthly transactions, serving 350 corporate clients and hundreds of thousands of users across 45 countries with instant or same-day settlement and partnerships with MoneyGram, UBA Bank, and Stripe.