SA’s Ezeebit Raises USD 2.05 M Seed To Scale Stablecoin & Crypto Payments In Africa

Ezeebit, the South African stablecoin and crypto payments infrastructure startup, has raised USD 2.05 M in seed funding to expand across South Africa, Kenya and Nigeria.

Founded by three brothers, Daniel, David and Jonthan Katz, the company enables merchants to accept crypto payments with instant stablecoin settlement and next-business-day local payouts, cutting fees to 1% or less and solving major pain points such as high card charges, multi-day settlement and cross-border friction.

Backed by Raba Partnership, Founder Collective and a roster of notable fintech angels, Ezeebit has processed over 30,000 transactions since launching in 2023, with clients including iStore, Le Creuset and Diesel.

The startup positions itself as the compliant bridge between decentralised and traditional finance, leveraging its FSP and CASP licences, AML/KYC stack and wallet-agnostic rails.

With crypto adoption rising—driven by inflation, remittances, and digital payments—Ezeebit aims to become the core infrastructure making stablecoins spendable in everyday commerce across Africa.