Ezeebit, a South African stablecoin and crypto payment infrastructure company, has raised $2.05 million in a seed fund led by Raba Partnership, with participation from Founder Collective and several notable angel investors.
Notable angel investors include Terry Angelos (ex-Visa executive), Anton Katz (Talos), Nadir Khamissa (Hello Group), David De Picciotto (ex-Revolut executive), and Chris Harmse (BVNK).
The seed fund is expected to be used to accelerate product development and merchant adoption in South Africa, Kenya, and Nigeria. It will also be used to secure and expand strategic partnerships with banks, payment service providers, and telecommunications companies.
From Pundi X South Africa to Ezeebit
Ezeebit initially launched as Pundi X South Africa in 2022 but officially kicked off in 2023, onboarding merchants and enabling crypto payments.
It rebranded as Ezeebit in 2025 and has processed over 30,000 transactions, generating a total volume of millions of dollars.
Africa’s Inefficient Payment Rails
In the press release, Ezeebit noted that Africa is experiencing growth in traditional digital payment adoption, especially since smartphone adoption is expected to reach 90% by 2030.
Moreover, the region has witnessed a 52% increase in on-chain value from the previous year, according to the Geography and Cryptocurrency Report 2025.
However, African merchants experience several challenges, including costly transactions, frequent declines, and limited cross-border options.
“African merchants are tied to slow, expensive payment rails, while consumers increasingly hold crypto for remittances and savings but lack a safe way to spend it,” said Daniel Katz, co-founder and CEO of Ezeebit.
We bridge this gap by connecting decentralized and traditional finance with a compliant stablecoin settlement layer.
Ezeebit’s Stablecoin Solution
Ezeebit enables merchants to receive cryptocurrency payments with instant stablecoin settlements at a transaction fee of 1% or less, allowing merchants to have up to 68% savings.
According to Ezeebit, stablecoins are the next step for the African financial system. By offering stablecoin settlements and next-business-day payouts, the risk of volatility is mitigated.
“Mobile money has already sensitised hundreds of millions of consumers to pay digitally via QR and account-to-account transfers,” said Katz.
Stablecoins are the logical next step. What’s more, at 8.78%, Sub-Saharan Africa remains the most expensive region in the world to receive remittances, making crypto rails a compelling alternative.
Notably, Ezeebit’s infrastructure is regulated and compliant, operating under South Africa’s Financial Sector Regulation. This reduces regulatory risk that could otherwise hinder platform activities.
George Rzepecki, founder at Raba Partnership, also emphasized the importance of regulatory clarity:
Ezeebit is rebuilding the payment stack with compliant stablecoin and crypto rails. Regulatory clarity in key African markets creates a rare window to build this infrastructure at scale.
Conclusion
Ezeebit’s $2 million seed fund marks a significant step in scaling compliant crypto and stablecoin payments across Africa.
By bridging decentralized and traditional finance, the startup aims to lower transaction costs, improve cross-border commerce, and enable merchants to participate more fully in the continent’s growing digital economy.
The funding also positions Ezeebit to strengthen partnerships and expand adoption in key African markets, including South Africa, Kenya, and Nigeria.
