Fonbnk
A Web3 on-ramp and off-ramp that converts airtime, mobile money, and bank transfers into stablecoins for wallets, exchanges, and fintechs serving Africa.
Fonbnk Product Overview
Is Fonbnk Right for You?
Liners prepares and updates these highlights as product information changes. Editorial standardsBest For
- Crypto wallets
- Crypto exchanges
What It Does Well
- Airtime to stablecoins
- Mobile money to stablecoins
Things to Check
- Supported payout methods
- Stablecoin options
About Fonbnk
Fonbnk is a Web3 on-ramp, off-ramp, and settlement platform for fintechs, crypto wallets, and exchanges that need to convert local prepaid payments into stablecoins across African markets.
Key capabilities include:
- Prepaid-to-stablecoin conversion for users paying with airtime, mobile money, and bank transfers, supporting both buy and sell (on-ramp and off-ramp) flows.
- Multi-chain settlement with support for stablecoins such as USDC, USDT, and cUSD, and integrations across networks including Ethereum, Polygon, Celo, Stellar, Solana, TRON, Avalanche, Base, Optimism, and Arbitrum.
- Integration options for businesses, including a zero-code widget, a merchant dashboard to configure integrations and monitor orders, a server-to-server API for quotes and integration, and webhook events for tracking client orders.
- Liquidity marketplace model that matches transactions with local liquidity providers to support availability and pricing for on and off-ramp services.
Available via Web (buy/sell checkout), embeddable widget, and developer API, plus a widget designed for integration into partner apps.
Target users include crypto businesses (exchanges, wallets, fintech platforms) serving mobile-first, underbanked customers in cash-based economies.
Fonbnk is notable in Sub-Saharan Africa for enabling dollar-denominated stablecoin settlement using existing telecom and local payment rails, with supported activity across markets such as Uganda, South Africa, Nigeria, Kenya, Tanzania, Ghana, and additional countries listed on its site.
Fonbnk Facts
Liners compiles product facts from official websites, app stores, documentation, trusted public sources, and details shared by product teams during editorial review. We also consider crowdsourced updates when they include verifiable evidence, and refresh facts as information changes. How we source dataRecent Reviews for Fonbnk
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Fonbnk Funding History
Liners compiles funding history from company announcements, investor records, and trusted reporting. We refresh it as new rounds are confirmed. How we source dataFonbnk has raised $5M across 2 recorded funding events. The latest was Seed in Mar 2022.
- Total Raised:
- $5M
- Latest Round:
- Seed
Fonbnk Investors & Funding Rounds
Fonbnk Founders & Leadership Team
Liners compiles leadership profiles from official company pages, professional profiles, and trusted public sources. We refresh them as teams change. How we source data
Latest Fonbnk News & Updates
Liners collects product news from official company updates and trusted publications. We refresh coverage as new articles are published. How we source dataFrequently Asked Questions About Fonbnk
Fonbnk is a platform that converts prepaid mobile airtime credits and mobile money into stablecoins like USDC, enabling users in cash-based economies to access Web3 services, global payments, and liquidity. Users deposit airtime into their Fonbnk wallet, where it is valued at $0.01 USDC per unit (1 MIN), allowing instant swaps to stablecoins on networks like Stellar, Ethereum, and others for spending, remittances, or top-ups.
Fonbnk does not charge users transaction fees; it operates on a commission-based revenue system with businesses and marketplaces. Liquidity providers pay a 1% charge for swaps.
Fonbnk operates in Nigeria, Kenya, Ghana, South Africa, Tanzania, Uganda, Zambia, and Burkina Faso, with a focus on Sub-Saharan Africa.
Visit fonbnk.com and use the 'Try it now' option to create a wallet by depositing prepaid airtime credits from your mobile SIM. The process converts airtime directly into stablecoins like USDC.
Fonbnk is best suited for individuals in mobile-first, cash-based economies like Sub-Saharan Africa who use prepaid SIM cards and want to access stablecoins, global payments, or Web3 without banks.
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