Visa has joined a $4.9 million Series A funding round for HoneyCoin, a fintech platform specializing in processing stablecoin-compatible payments. The round was led by Flourish Ventures and included participation from Stellar Development, TLcom, Lavag Ventures, Mush Ventures, 4DX Ventures, Foundation Ventures, and Antler Ventures.
Founded in 2020, HoneyCoin enables customers to process payments and transfer funds in real time using both stablecoins and traditional financial infrastructure. The platform also supports bank account issuance, debit card services, and digital wallets, serving users in over 45 markets across four continents.
The company processes over $150 million in monthly transaction volume, serving 350+ corporate clients and hundreds of thousands of retail consumers through its Peer app. Its client base includes leading financial institutions and high-growth fintech startups such as Cedar Money, TerraPay, and Wizzar. HoneyCoin is licensed in major markets, including the U.S., Canada, the EU, and several African countries, and has strategic partnerships with institutions like MoneyGram, UBA Bank, and Stripe.
David Ndungu, Founder & CEO of HoneyCoin, stated that the new funding will support team expansion, regulatory licensing, product development, and scaling liquidity access for stablecoin payments across global markets.
