Fonbnk
Fonbnk is a stablecoin settlement platform that converts mobile money, bank transfers, and prepaid airtime in 17 emerging markets across Africa, South America, and Southeast Asia into stablecoins across 15 blockchain networks, serving merchants, Web3 wallets, and unbanked individuals.
- Company typePrivate
- Founded2021
- HeadquartersDover, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
What Fonbnk does
Fonbnk Inc. is a Delaware-incorporated, venture-backed fintech infrastructure company founded in 2021 and headquartered at 8 The Green, Dover, Delaware. The company operates a stablecoin settlement layer that connects mobile-first, cash-based economies to Web3 by converting local payment methods — including mobile money (e.g., M-PESA in Kenya), bank transfers, and prepaid airtime — into stablecoins across 15 blockchain networks and 10 stablecoin assets (USDT, USDC, cUSD, cKES, cGHS, among others). The platform is live in 17 markets spanning Nigeria, Kenya, Ghana, South Africa, Tanzania, Uganda, Zambia, Burkina Faso, Brazil, Senegal, Republic of the Congo, Benin, Democratic Republic of the Congo, Gabon, Rwanda, Cameroon, and the Philippines.
Fonbnk distributes its infrastructure through three product surfaces: a zero-code drop-in Pay Widget (pay.fonbnk.com) for embedded merchant integration, a self-serve Merchant Dashboard (dashboard.fonbnk.com) for configuration and reconciliation, and a REST API (api.fonbnk.com) with HMAC-SHA256-signed requests and webhook event delivery. The technology stack is blockchain-agnostic and supports multi-tier KYC with Smile Identity integration for advanced verification. Distribution is augmented through integration partnerships with Web3 wallets and aggregators including MiniPay, MetaMask, Trust Wallet, Brave, Cenoa, and Onramper, placing Fonbnk at points of consumer crypto acquisition.
The company's business model is transaction-based: Fonbnk charges a 2.5% processing fee per transaction through the Pay Widget, with merchants additionally responsible for dynamic blockchain network fees based on chain congestion. To date, Fonbnk has raised approximately $3.5 million in an oversubscribed seed round in March 2022 led by New Form Capital, plus a $120,000 Techstars pre-seed (2021), an investment from Cardano-ecosystem accelerator Adaverse (July 2023), and a subsequent event with Allied Venture Partners (July 2025). The company operates with a 1–10 person team and targets merchants, Web3 companies, and unbanked/underbanked individuals in emerging markets as its core customer segments.
Fonbnk firmographics
Firmographics- Name
- Fonbnk
- Legal name
- Fonbnk Inc.
- Website
- https://fonbnk.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Fonbnk is a stablecoin settlement platform that converts mobile money, bank transfers, and prepaid airtime in 17 emerging markets across Africa, South America, and Southeast Asia into stablecoins across 15 blockchain networks, serving merchants, Web3 wallets, and unbanked individuals.
- Ownership category
- akta.pro rank
Fonbnk industry classification
Industry- Product category
- Stablecoin Payment Infrastructure
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- On/Off-Ramps & Fiat Liquidity Providers for Stablecoins (FSADADAG)
- akta.pro secondary industry
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where Fonbnk is headquartered
LocationHeadquarters
- HQ city
- Dover
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Fonbnk business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- Transaction Processing Fees: Fonbnk charges a 2.5% processing fee for all transactions through the Fonbnk PayWidget. Additional blockchain network fees apply for on-chain transfers based on network congestion. The net proceeds after fees are sent to the merchant's designated wallet address.
- Blockchain Network Fees: Merchants are responsible for dynamic blockchain network fees incurred per supported blockchain for on-chain transfers to their wallets. These fees are determined based on network congestion during the transaction.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard transaction processing |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels4 records
Fonbnk product offering
Product offeringCore offering
Fonbnk operates a stablecoin settlement layer that bridges mobile-first, cash-based economies in emerging markets to on-chain value. It provides fiat-to-stablecoin (on-ramp) and stablecoin-to-fiat (off-ramp) flows across 17 markets in Africa, South America, and Southeast Asia, exposing those flows through a Dashboard, REST API, drop-in Widget, and Webhooks.
Product overview
Fonbnk is a unified stablecoin settlement platform that provides a suite of complementary products: the core Fonbnk platform serves as the stablecoin settlement layer connecting mobile-first economies to Web3; the Fonbnk Pay Widget offers a no-code drop-in solution for on-ramp/off-ramp; the Dashboard provides merchant workspace for order management and reconciliation; the REST API enables programmatic server-to-server integration; and Webhooks deliver real-time order notifications. The platform operates across 17 markets in Africa, South America, and Southeast Asia, supporting 15 blockchain networks and 10 stablecoin assets.
Differentiator
Problem solved
Functional benefit
Products and services
- Fonbnk Pay Widget
Quantifiable outcome
- Settlement time under 30 seconds for stablecoin transactions
- +1 more outcomes
Companies that use Fonbnk
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Fonbnk technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Fonbnk partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- OnramperminorAggregator partnership where Onramper resells Fonbnk's on-ramp services through their platform.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Fonbnk competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Fonbnk social profiles
Digital presenceFonbnk financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fonbnk leadership team
Management profileNumber of profiles
Profiles1 record
Fonbnk funding detail
Funding detailFunding overview
Funding rounds4 records
Investors23 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fonbnk M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fonbnk
What does Fonbnk do?
Fonbnk operates a stablecoin settlement layer that bridges mobile-first, cash-based economies in emerging markets to on-chain value. It provides fiat-to-stablecoin (on-ramp) and stablecoin-to-fiat (off-ramp) flows across 17 markets in Africa, South America, and Southeast Asia, exposing those flows through a Dashboard, REST API, drop-in Widget, and Webhooks.
Is Fonbnk a public or private company?
Fonbnk is a private company. It is classified as venture growth investor backed and is currently operating.
When was Fonbnk founded?
Fonbnk was founded in 2021. It employs 1 to 10 people.
Where is Fonbnk based?
Fonbnk is headquartered in Dover, United States, in the North America region.
How does Fonbnk make money?
Two revenue lines are on record. Transaction Processing Fees are the primary driver. The others are blockchain Network Fees.
Does Fonbnk have an API?
Yes. REST API at api.fonbnk.com for orders, limits, and reconciliation. HMAC-SHA256 signed requests, no widget required. Sandbox environment available at sandbox-dashboard.fonbnk.com. Supports server-to-server integration with webhook notifications for order status changes. Retry policy with exponential backoff up to 10 retries. Developer documentation is at docs.fonbnk.com.
What industry is Fonbnk in?
Fonbnk's product category is Stablecoin Payment Infrastructure. Its primary akta.pro industry code is FSADADAG, On/Off-Ramps & Fiat Liquidity Providers for Stablecoins, with a secondary code of BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms. Its NAICS code is 522320 and its SIC code is 6200.