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Fonbnk

Turn prepaid airtime into stablecoins

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About

Fonbnk bridges cash- and mobile-first economies to Web3 by letting users in emerging markets convert prepaid mobile airtime credits into stablecoins such as USDC. It pairs airtime, mobile-money and local banking rails to enable on/off-ramps, cross-border treasury flows and stablecoin acceptance across Africa, Latin America and Southeast Asia, with over 1 million users across 17 markets.

Pioneered converting prepaid mobile airtime into stablecoins for the underbanked.

Stablecoins

USDCEURC

Key products

Airtime-to-stablecoin on-rampOff-rampMerchant stablecoin acceptance

Chains

CeloStellarAvalanchePolygon
Founded
2019
HQ
Dover, Delaware, USA
Stage
Pre-Series A
Funding
~$3.5M seed + Pre-Series A (Kraken Ventures, New Form Capital, North Island Ventures, Republic Capital, Black Ambition)

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