Kenyan financial technology startup, Honeycoin, is making significant progress in the blockchain payment space. Founded by software engineer David Makuku Nandwa, the company was established after he experienced a three-month delay in accessing his own funds from a popular payment platform.
Honeycoin was created to solve this problem by connecting African users to a faster and more reliable global payment system. The platform allows users to send and receive money, issue virtual cards, and manage stablecoin wallets that link both traditional and blockchain-based financial systems.
According to reports, Honeycoin now processes over 150 million US dollars in monthly transactions and operates across 40 African and international markets. Its model combines local currency transactions with blockchain-backed infrastructure, making cross-border payments easier for individuals and businesses.
The company’s success has attracted interest and partnerships from several major players, including Tether and Binance, along with a number of established African fintech firms. These collaborations have helped expand its operations and improve user accessibility.
Founder David Nandwa explained that the goal of Honeycoin is to make sending money between cities like Nairobi and Lagos as simple and reliable as transferring funds between New York and San Francisco.
Honeycoin has raised nearly six million dollars in funding since its launch and continues to grow as more Africans seek trusted digital payment solutions. Its expansion represents another step forward for blockchain-based financial services in Africa, giving users greater control over how they move and store money.
In addition to its consumer services, Honeycoin is also working with several African banks and mobile payment operators to integrate blockchain infrastructure into existing systems. This integration allows institutions to handle settlements faster, cut operational costs, and reduce delays that often affect cross-border transactions.
The company has launched features that let businesses automate salary payments and manage treasury operations in both local and foreign currencies. This provides a more stable and transparent system for startups, freelancers, and remote workers across Africa who face regular challenges with international payments.
Honeycoin’s growing influence shows how African startups are addressing long-standing issues in the financial sector through practical solutions. The company’s approach combines innovation with regulation by maintaining partnerships with licensed financial institutions in each region where it operates.
The success of Honeycoin could encourage more African governments to explore blockchain for payments and remittances. With the continent’s large unbanked population and high mobile penetration, platforms like Honeycoin could play a central role in bridging financial access gaps in the coming years.
Read also: Warren Slams Trump’s CZ Pardon, Stirs Crypto Community
