South African stablecoin and cryptocurrency payment startup Ezeebit has secured R35 million approximately 2.05 million in seed funding from prominent investors, including Founder Collective and Raba Partnership. This funding round also saw participation from strategic angels and early-stage investors with strong track records in global fintech and technology companies.
Ezeebit provides merchants with the ability to accept cryptocurrency payments while offering instant stablecoin settlement and next-business-day local fiat payouts. Since its launch in 2023, the company has processed over 30,000 transactions, handling millions of dollars in gross merchandise value. The platform already counts notable brands such as iStore, Scoin, Diesel, Amiri, Le Creuset, Al Capone Premium, and Ritual among its clients.
The capital injection will be used to accelerate product development and drive merchant adoption across South Africa, Kenya, and Nigeria. Ezeebit plans to expand strategic partnerships with banks, payment service providers, and telecommunications companies to strengthen its payment infrastructure and reach more businesses.
