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

According to market news, South Africa's FSCA-regulated crypto payment startup Ezeebit announced the completion of a $2.05 million seed round financing, which will be used to accelerate product development and merchant expansion in South Africa, Kenya, and Nigeria.

The company supports instant settlement in stablecoins and next-day local currency payments, having processed over 30,000 transactions. Investors include Raba Partnerships, Founder Collective, and industry executives from VISA, Revolut, Talos, and others.