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Ezeebit

“Can an FSCA-regulated crypto payment gateway become the de facto embedded crypto payments infrastructure layer for African merchants by abstracting volatility and compliance complexity?”

Founded2022
HQCape Town, Western Cape, South Africa
IndustryFintech / Crypto
The story

Founded in 2022, Ezeebit launched as a crypto payment acceptance platform for African merchants, targeting South Africa as its primary market. The company positioned itself as infrastructure-first — providing API-first crypto acceptance, POS systems, and embedded wallet infrastructure — with a compliance wrapper via FSCA regulation and FIC compliance. Its key product insight was shielding merchants from crypto volatility through automatic stablecoin conversion and next-day local-currency settlement (ZAR, KES, NGN), effectively making crypto payments feel like traditional card payments for merchants.

Last 12 months
—
Product timeline
2022
Ezeebit founded in Cape Town, South Africa, focused on cryptocurrency payment acceptance for merchants.· pivot
2024
Began tracking volume metrics publicly; surpassed 100,000 transactions processed and millions in volume since 2024.· banking
2024
Launched stablecoin settlement in ZAR, KES, and NGN with next-business-day settlement for African merchants.· banking
Regulated entities
1
regulatory licence held by Ezeebit
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in Ezeebit’s embedded-finance stack
Payments / PSP
Ezeebit (self-operated)
Crypto
in the full report
Accounting gap: significant
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.