digital banking

Auto Added by WPeMatico

Fonbnk Raises $3.5-Million in Seed Funding to Aid Underbanked Across Africa

Fonbnk Raises $3.5-Million in Seed Funding to Aid Underbanked Across Africa

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…