{"id":2958,"date":"2022-03-10T00:54:14","date_gmt":"2022-03-10T00:54:14","guid":{"rendered":"https:\/\/appsaf.apieproject.com\/news\/?p=2958"},"modified":"2022-03-10T00:54:25","modified_gmt":"2022-03-10T00:54:25","slug":"fonbnk-raises-3-5-million-in-seed-funding-to-aid-underbanked-across-africa","status":"publish","type":"post","link":"https:\/\/appsaf.apieproject.com\/news\/2022\/03\/10\/fonbnk-raises-3-5-million-in-seed-funding-to-aid-underbanked-across-africa\/","title":{"rendered":"Fonbnk Raises $3.5-Million in Seed Funding to Aid Underbanked Across Africa"},"content":{"rendered":"

Fonbnk allows anyone in Africa and other emerging markets that use prepaid mobile SIM cards to obtain cryptocurrency assets by exchanging their airtime credits.<\/p>\n

The oversubscribed seed round was anchored by New York\u2019s New Form Capital, with
\nparticipation from leading global crypto investors including Kraken Ventures (the investment arm of the largest exchange by BTC euro volume in the world), North Island Ventures (affiliates of leading Asian exchange MEXC Global), and crypto-native cross-border investment firm Formless Capital.<\/p>\n

American singer and entrepreneur Pharrell Williams (via Black Ambition) also participated, as well as a variety of leading early-stage investors including Hustle Fund, EchoVC, Lightspeed Ventures, Frontier Ventures, Techstars (Western Union), Industrious Ventures, Allied Venture Partners, Seed9, GP Ventures, and Pax Angeles.<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":12963,"featured_media":2955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,21],"tags":[7,26,22],"class_list":{"0":"post-2958","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-technology","9":"tag-apie-project","10":"tag-news","11":"tag-technology"},"yoast_head":"\nFonbnk Raises $3.5-Million in Seed Funding to Aid Underbanked Across Africa - APIE NEWS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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