Ezeebit

Ezeebit is a South African fintech company building compliant crypto and stablecoin payment infrastructure for merchants across Sub-Saharan Africa. Founded in 2022 by brothers Daniel, David, and Jonathan Katz, the company launched commercially in 2023 and has established itself as one of the region's few fully regulated cryptocurrency payment service providers. The platform lets African businesses accept digital asset payments from any wallet while protecting them from volatility and meeting strict local financial regulatory requirements.

How It Works

Ezeebit operates as a merchant settlement layer sitting between crypto-holding consumers and local business banking. When a customer pays in cryptocurrency at an Ezeebit-enabled merchant, the platform immediately converts the incoming payment into stablecoins — locking value and eliminating the merchant's exposure to price volatility — then settles the equivalent amount in local fiat currency (South African rand, Kenyan shilling, or Nigerian naira) by the following business day.

This two-step process — instant crypto-to-stablecoin conversion followed by scheduled fiat payout — is the core of Ezeebit's design: merchants receive predictable cash flows without needing to manage cryptocurrency exposure themselves. The platform is wallet-agnostic, meaning customers can pay from any wallet type — custodial exchange wallets, self-custody hardware or software wallets, or DeFi protocol wallets — giving merchants access to the full spectrum of crypto users rather than a single app's user base.

Supported Assets and Integration Channels

Ezeebit currently supports payments in Bitcoin (BTC), USD Coin (USDC), Tether (USDT), and Ether (ETH). USDC and USDT are widely available on multiple blockchain networks including Solana, which provides fast, low-cost stablecoin transfers well-suited to high-volume retail settlement. Ezeebit's wallet-agnostic architecture handles stablecoin inflows regardless of the originating chain.

Merchants access the platform through three omnichannel integration points:

• Android ePOS devices for in-person point-of-sale payments
• E-commerce plugins for online storefronts
• APIs for developers building custom payment flows

This breadth allows Ezeebit to serve a single boutique retailer and a large enterprise e-commerce operation within the same infrastructure.

Fees and Key Features

Ezeebit charges merchants 1% or less per transaction, compared with the 2-3% typical for traditional card networks — a saving the company pegs at around 68%. The fee covers compliance, stablecoin settlement, currency conversion, and wallet orchestration in a single charge, without separate gateway or processing layers added on top.

Built-in instant hedging locks the stablecoin value of an incoming payment the moment it is received, closing any gap between the time a customer pays in crypto and the time the merchant's funds are secured. The wallet orchestration layer handles routing and reconciliation across different incoming wallet types, while the platform's API layer supports developer-driven custom integrations for businesses with specific checkout or back-office requirements.

Regulatory Standing

Ezeebit is regulated by South Africa's Financial Sector Conduct Authority (FSCA) as both a licensed Financial Services Provider (FSP) and a designated Crypto Asset Service Provider (CASP) — one of the few crypto payment companies in Africa to hold both designations simultaneously. The company describes its approach as "Compliance by Design," with AML/KYC screening, Travel Rule data collection, and transaction monitoring embedded in the core infrastructure rather than applied after the fact.

This regulatory posture allows merchants to accept crypto payments through Ezeebit without taking on compliance risk — a material consideration in markets where the regulatory treatment of crypto payments is still maturing. The dual FSCA designation also gives the platform a structural advantage as regulators across the continent increasingly require crypto businesses to obtain formal licenses.

Traction and Merchant Clients

Since its 2023 commercial launch, Ezeebit has processed more than 30,000 transactions totalling millions of dollars in gross merchandise value. Its merchant base includes established consumer brands: iStore (Apple premium reseller), Le Creuset, Diesel, Scoin, Tintswalo Lodges, and Amiri. This mix of retail, hospitality, and luxury goods merchants confirms that the platform is serving mainstream businesses, not just crypto-native operators.

The broader market context is favorable. Sub-Saharan Africa received over $205 billion in on-chain value in the twelve months to June 2025, a 52% year-on-year increase that made it the world's third-fastest-growing crypto region by transaction volume. Ezeebit is positioned at the intersection of this rising consumer crypto adoption and existing merchant payment infrastructure.

Team

The company was founded by three brothers. Daniel Katz serves as CEO, with David and Jonathan Katz as co-founders. The team built Ezeebit after directly encountering the costs and delays of cross-border payments in Africa — an origin story that shaped the company's focus on merchant practicality and compliance from the outset.

Funding and Investors

In December 2025, Ezeebit closed a $2.05 million seed round led by Raba Partnership, a Cape Town-based Africa-focused venture fund previously backing Flutterwave, Stitch, Fuse, and BVNK. Founder Collective co-invested, bringing expertise from early-stage investments in Uber, WHOOP, and Airtable.

Strategic angel investors round out the cap table: Terry Angelos (former Head of Fintech at Visa), Anton Katz (founder of institutional crypto trading infrastructure firm Talos), Nadir Khamissa (Hello Group), David De Picciotto (former Revolut), and Chris Harmse (BVNK). The angel roster provides depth in payments, compliance, and institutional crypto infrastructure — the precise intersection Ezeebit occupies.

Capital will be used to accelerate product development, expand merchant adoption across South Africa, Kenya, and Nigeria, and grow strategic partnerships with banks, payment service providers, and telecommunications companies.

Solana Ecosystem Fit

Stablecoins are among the fastest-growing asset classes on Solana, with USDC in particular widely used for cross-border settlement and consumer payments in emerging markets. Ezeebit's wallet-agnostic architecture and multi-chain stablecoin support mean it can accept USDC and USDT originating from Solana wallets, connecting Solana's high-throughput, low-cost stablecoin rails to African point-of-sale and e-commerce settlement. As stablecoin adoption continues to expand across Sub-Saharan Africa, compliant fiat offramp infrastructure of the type Ezeebit provides is essential for turning on-chain stablecoin balances into everyday merchant commerce.