On-chain activity
Ezeebit Pay
Ezeebit Pay is a merchant payment gateway for cryptocurrency acceptance at point-of-sale and online checkout. The system processes cryptocurrency payments through QR code scanning and e-commerce integrations, executing automatic conversion to stablecoins with ZAR settlement. The platform provides merchant portal access for transaction management, API authentication, and payment tracking while maintaining FSCA regulatory compliance.
Ezeebit
Ezeebit is a South African crypto payment infrastructure company founded in 2023 by brothers Daniel, Jonathan, and David Katz. It holds dual authorization from the FSCA as a Financial Services Provider and Crypto Asset Service Provider (FSP and CASP No. 53664).
Merchants use Ezeebit to accept Bitcoin, USDT, USDC, ETH, and other assets from any wallet type. When a customer pays, the platform locks a fixed local-currency amount at quote time and hedges the underlying crypto exposure in the background. Merchants receive predictable fiat settlement into their bank accounts the following business day via T+1 clearing.
Ezeebit supports three integration channels: Android ePOS devices for in-store retail, e-commerce plugins for online checkout, and APIs for custom integrations. Fees are 1% or less, compared with card processing rates that often reach 3-4%, which the company says represents a 68% saving for merchants.
The compliance layer is built-in, with AML/KYC procedures and FATF Travel Rule readiness included by design. This regulatory posture, backed by the FSCA's CASP licensing framework, lets merchant clients accept digital assets without taking on compliance risk themselves. Notable clients include iStore, Le Creuset, Scoin, Tintswalo Lodges, Amiri, Diesel, and Al Capone Premium. Since launching in 2023, the platform has processed over 30,000 transactions representing millions of dollars in gross merchandise value.
In December 2025, Ezeebit closed a seed funding round of 2.05 million USD (approximately R35 million), led by Raba Partnership and joined by Founder Collective and strategic angels. Proceeds support product development, merchant expansion in South Africa, Kenya, and Nigeria, and partnerships with banks, payment service providers, and telcos.
The company's geographic expansion targets Kenya and Nigeria alongside its home market in South Africa. CEO Daniel Katz cited the period as a crypto tipping point for African merchants, driven by FSCA regulatory clarity, mainstream stablecoin integration by banks and platforms, and rising consumer adoption across the continent. Sub-Saharan Africa recorded a 52% year-on-year increase in on-chain activity between July 2024 and June 2025, surpassing 205 billion USD in transacted value.
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