Akshi Federici, Christian Duffus, Decentralized Finance, digital banking, Digital money, digital money transfer, Finance, fintech, Fonbnk, IT, IT News Africa, Pharrell Williams, Startups, tech news, Technology, Telecom, telecommunications, Top Stories
Fonbnk, a US-based company that leverages the widespread penetration of billions of prepaid mobile SIM cards to enable interoperability between the Web3 internet and traditional fiat-based monetary systems, announced on Tuesday the closing of a $3.5 million seed round. Fonbnk allows anyone in Africa and other emerging markets that use prepaid mobile SIM cards to…