Nairobi, Kenya – HoneyCoin, one of the fastest growing African fintech platforms on a mission to build the operating system for money movement in frontier markets, is announcing its strategic collaboration with Tether, the largest company in the digital asset industry.
The collaboration will see USDT integrated at the payment acceptance and gateway levels into HoneyCoin’s growing ecosystem of merchants for both online and in-person payments, enabling billions across Africa and globally to have cheaper, borderless access to money, in turn spurring more trade and payment activity.
“This collaboration marks a pivotal moment not just for HoneyCoin, but for the future of payments in Africa,” said David Makuku Nandwa, CEO of HoneyCoin. “Our work at HoneyCoin centers on solving two fundamental challenges: making sure businesses can accept every form of payment their customers want to use, and providing them with sophisticated tools to strengthen and scale their financial operations," said David Makuku Nandwa. "We're bringing the same simplicity that mobile money offers to stablecoin acceptance, while giving African entrepreneurs access to the currency stability and global connectivity that digital dollars enable.”
With this collaboration, we will:
- •Allow merchants to seamlessly accept stablecoins directly at the point of sale, giving shoppers more ways to pay and helping merchants earn more from their hard-earned sales.
- •Bring in-person payments with stablecoins to stores across the continent
- •Conduct international business with price certainty and minimal friction, leveraging dollar-backed digital assets
- •Preserve value and free up cashflows with faster settlement times and substantially lower fees
- •Shield savings from the impact of currency devaluation and inflation
Fintechs, wallets, and platforms can also tap into HoneyCoin’s developer APIs to build stablecoin-enabled experiences across the African continent and diaspora corridors.
Backed by Global Investors and Real Traction
This announcement follows HoneyCoin’s recent $4.9 million seed round, led by Flourish Ventures with participation from Visa Ventures, TLcom Capital, Stellar Development Foundation, Lava, Musha Ventures, 4DX Ventures, and Antler.
As an early mover in bringing practical digital currency solutions to Africa, HoneyCoin continues to demonstrate its commitment to making stablecoins a viable option for everyday transactions.
Why Stablecoins Matter
In many African economies, currency instability, inflation, and banking limitations remain daily realities. Stablecoins like USDT offer a powerful alternative, bringing the stability of the U.S. dollar with the accessibility of digital finance.
These new financial capabilities complement HoneyCoin's existing digital finance ecosystem, which includes Peer (its consumer super app), merchant acquiring and disbursement APIs, and treasury management infrastructure that bridges digital and traditional money systems.
About HoneyCoin
HoneyCoin is an end-to-end financial orchestration platform making money programmable and borderless. Through its Payment Processing API’s consumer app Peer, and on/off-ramp infrastructure, HoneyCoin enables people and platforms to send, accept, receive, and store value across borders safely, affordably, and at scale.
Looking ahead, HoneyCoin is actively working on a number of key partnerships and after seeing unprecedented growth in Q3 is having early conversations with investors for it’s next round.
🔗 LinkedIn: https://www.linkedin.com/company/honeycoinapp
🌐 Website: https://www.honeycoin.app
