South African crypto-payments startup Ezeebit has secured $2 million in seed funding, marking a significant milestone in its ambition to become a dominant force in Africa’s rapidly evolving crypto and stablecoin payment ecosystem.
The funding round reflects growing investor confidence in payment infrastructure startups that move beyond speculative crypto trading into real-world utility — particularly merchant payments, cross-border settlements, and stablecoin adoption.
Building Africa’s Next-Gen Payment Rails
Founded in South Africa, Ezeebit operates as a regulated crypto and payments infrastructure provider, enabling merchants to accept crypto and stablecoin payments both online and in-store. Its platform supports:
- QR code and POS payments
- E-commerce plugins for Shopify and WooCommerce
- APIs for enterprise integrations
- Instant settlement in stablecoins or next-day settlement in local currency
By shielding merchants from price volatility and offering low transaction fees, Ezeebit positions itself as a more efficient alternative to traditional card payments and expensive cross-border rails.
Since its launch, the company says it has processed tens of thousands of transactions worth millions of dollars, with adoption already visible across lifestyle retail, luxury stores, and digital commerce.
Strategic Investors Back the Vision
The $2M seed round was led by Raba Partnership, a fintech-focused investment firm with a track record of backing high-growth African infrastructure startups. The round also attracted:
- Founder Collective, a global early-stage venture firm
- A group of strategic angel investors, including former executives from Visa, Revolut, and leading crypto firms
This mix of local fintech expertise and global payments experience strengthens Ezeebit’s position as it scales across Africa.
Ezeebit plans to deploy the new capital across three major fronts:
- Product Development
Strengthening its crypto-to-fiat settlement engine, merchant dashboards, and enterprise APIs. - Geographic Expansion
Immediate focus is on scaling operations in South Africa, while actively expanding into Kenya and Nigeria — two of Africa’s most active crypto and mobile-money markets. - Deep Infrastructure Partnerships
The company is targeting strategic integrations with banks, payment service providers, fintech platforms, and telecom operators to embed crypto payments into everyday commerce.
