Fonbnk is a new distributed finance company enabling a frictionless, financial onramp for emerging markets. Leveraging the existing network of mobile phone accounts, anyone with a prepaid mobile SIM card can now have access to the global digital economy. We are driving financial inclusion through digital access for the nearly 2-billion humans who are unbanked.
Location: United States, District of Columbia, Washington
Employees: 11-50
Total raised: $3.5M
Founded date: 2019
Investors 16
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Funding Rounds 1
| Date | Series | Amount | Investors |
| 04.03.2022 | Seed | $3.5M | - |
Mentions in press and media 7
| Date | Title | Description |
| 07.10.2025 | Kenya’s landmark crypto bill now awaits Ruto’s assent to become law | Kenya is on the verge of introducing its first cryptocurrency law after its Parliament passed the Virtual Asset Service Providers (VASP) Bill, 2025, at its third reading on Tuesday. The legislation, which now awaits President William Ruto’s... |
| 06.08.2025 | Stablecoins in Africa: Stability & Innovation Powering Digital Payments | Share this: Click to share on Facebook (Opens in new window) Facebook Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on X (Opens in new window) X Click to share on LinkedIn (Opens in new window) LinkedIn Click to e... |
| 06.08.2025 | Building Web3 Across The Continent | Share this: Click to share on Facebook (Opens in new window) Facebook Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on X (Opens in new window) X Click to share on LinkedIn (Opens in new window) LinkedIn Click to e... |
| 19.12.2023 | Top 5 African Web3 Projects To Keep An Eye on in 2024 | Share this: Click to share on Facebook (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to email a link to a friend (Op... |
| 23.08.2022 | Christian Duffus, an African American entrepreneur from Washington DC with roots in Nigeria, has reimagined one of Africa’s most iconic digital innovations | Christian Duffus, an African American entrepreneur from Washington DC with roots in Nigeria has reimagined one of Africa’s most iconic digital innovations, prepaid airtime, with the help of a polarizing technology – crypto. His mission, to ... |
| 16.03.2022 | A fantastic February for African tech: Here’s what matters | After a dazzling January debut that saw Africa-focused tech startups raise over $430 million from roughly 60 announced deals, fundraising in February was similarly feverish. The shortest month of the year witnessed approximately 60 announce... |
| 08.03.2022 | Money Moves: Legends of Learning and DC Web3 startup Fonbnk landed seed rounds | Money Moves is a column where we chart the funding raises of tech companies across the region. Have a tip? Email us at dc@technical.ly.Web3 company Fonbnk landed $3.5 million Fonbnk, a DC-based Web3 company and alum of Techstars‘ 2021 accel... |