HoneyCoin, a global payment orchestration platform, has announced a $4,9-million funding round led by global venture firm Flourish Ventures.
Flourish is joined by a mix of regional and global investors: Visa Ventures, TLcom Capital, Stellar Development Foundation, Lava, Musha Ventures, 4DX Ventures, and Antler.
The new capital will accelerate the scale of operations, expand its product suite, and bring on new senior hires to strengthen its position as a prominent player in the payments industry.
Founder David Nandwa launched HoneyCoin in 2020, aiming to develop a financial operating system where fiat and blockchain infrastructure merge to enable faster, compliant, and cost-efficient cross-border money movement.
The platform has scaled rapidly, processing hundreds of dollars in transactions to over $150-million in monthly transaction volume, serving more than 350 enterprise customers and hundreds of thousands of consumers through its flagship consumer app, Peer. Collectively, it powers payments for millions of end-users across four continents.
Nandwa comments: “Our mission is to build the operating system for money, how it’s moved, held, and collected, regardless of medium or geography. Just as Apple redefined computing and Visa transformed global commerce, we believe financial infrastructure is undergoing another once-in-a-generation shift. This raise enables us to lead that transformation, across Africa and other global markets, by building resilient, interoperable infrastructure for the future of finance.”
HoneyCoin addresses long-standing inefficiencies in global financial infrastructure, particularly for businesses in frontier markets, by providing a unified, stablecoin-compatible platform for collections, treasury management, settlements, and FX management. By building a stablecoin-based liquidity engine and bypassing fragmented rails, it offers businesses instant or same-day settlements, compared to the traditional 4–7 business day timelines.