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Fonbnk
Fonbnk

Fonbnk

Fonbnk: A distributed finance firm facilitating seamless financial access for emerging markets.

Operating headquarters
Washington, D.C., DC, US🇺🇸
Founded
2021
Accelerator
Techstars logoTechstars: Western Union2021
Overview
Compare
Fundraising
Employees
Library

Fonbnk, founded to revolutionize financial access in emerging markets, is a distributed finance company focused on creating a seamless financial onramp. The company’s core mission is to disrupt traditional foreign exchange models through on-chain FX and enhance financial inclusion via decentralized finance (DeFi). Fonbnk offers services such as mobile top-ups, enabling users to send airtime to friends and family in countries like Nigeria, providing a cost-effective way to stay connected.

Notable figures associated with Fonbnk include key investors and partners who are influential in the fintech and DeFi sectors. The company has achieved significant milestones, such as partnering with Tanda to increase liquidity and earning opportunities within the Web3 economy in Africa. Fonbnk’s impact is marked by its innovative approach to cross-border payments and financial inclusion, making it a pivotal player in the financial technology landscape of emerging markets.

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Fonbnk - Quick Facts

Who are Fonbnk's competitors?

Companies similar to Fonbnk include SympliFi, GIGXPAD, LemFi and Moja.

When was Fonbnk founded?

Fonbnk was founded in 2021.

Where is Fonbnk's headquarters located?

Fonbnk's headquarters is located in Washington, D.C., DC, US.

When was Fonbnk's last funding round?

Fonbnk's most recent funding round was for $3.5M (USD) in March 2022.

How much disclosed funding has Fonbnk raised?

As of Mar 1, 2022, Fonbnk has disclosed funding of $3.6M (USD). Undisclosed round amounts are excluded.

How many employees does Fonbnk have?

Fonbnk has 18 employees as of Feb 4, 2024.

Fonbnk - Classification

Ownership
  • Equity
  • Venture Capital
Technology
  • Blockchain
  • FinTech
Geographic Exposure
  • Global
Revenue
  • Transactional
Customer
  • Consumers
Main Product
  • Financial Services
  • Mobile Payments
Tags
  • SaaS
NAICS
  • 520000Finance and Insurance
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 6000Depository Institutions
  • 6090Functions Related To Depository Banking
  • 6099Functions Related To Depository Banking, Not Elsewhere Classified
Show 3 more industry codes
SIC
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6282Investment Advice