• Latest
  • Trending
South African crypto startup MoneyBadger raises $400,000 in pre-seed funding

South African crypto startup MoneyBadger raises $400,000 in pre-seed funding

July 15, 2025
Edtech startup The Invigilator raises $11 million to scale its AI platform

Edtech startup The Invigilator raises $11 million to scale its AI platform

September 6, 2025
iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

iXAfrica receives RMB financing to fast-track 20 MW expansion in Nairobi

September 6, 2025
OpenAI challenges LinkedIn with new AI-powered hiring platform

OpenAI challenges LinkedIn with new AI-powered hiring platform

September 6, 2025
Tanzanian fintech NALA takes its services to Kenya

Tanzanian fintech NALA takes its services to Kenya

September 6, 2025
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Cryptocurrency

South African crypto startup MoneyBadger raises $400,000 in pre-seed funding

Abimbola Samuel by Abimbola Samuel
July 15, 2025
149 2
0
South African crypto startup MoneyBadger raises $400,000 in pre-seed funding
467
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

South African crypto payments provider MoneyBadger has secured $400,000 in a pre-seed funding round led by P1 Ventures, a venture capital firm with strong African fintech expertise.

The round included investments from three Bitcoin and crypto-focused angel investors, with part of the funding received in Bitcoin.

The funding will help MoneyBadger expand its Bitcoin payment infrastructure, enabling more merchants and consumers in South Africa and abroad to transact using cryptocurrency.

MoneyBadger growing adoption in South Africa

MoneyBadger was founded in 2022 when Pick n Pay sought a way to integrate Bitcoin payments into its point-of-sale systems.

RelatedPosts

South African retailers embrace crypto as Peach Payments partners with MoneyBadger

The company developed a fast, low-cost payment solution that outperformed traditional credit card tap-to-pay systems using the Bitcoin Lightning Network.

“Thanks to advances in Bitcoin payments technology, specifically the Bitcoin Lightning network, we were able to deliver a working prototype that performed phenomenally well—super-reliable, faster, and cheaper than tap-to-pay with a credit card,” said Carel van Wyk, MoneyBadger CEO.

By February 2023, Pick n Pay had rolled out Bitcoin payments across all its stores, including PnP Express and Pick n Pay Clothing, which allow customers to buy groceries, airtime, electricity, flight tickets, and even municipal bills using Bitcoin.

“Pick n Pay sees over R1 million in cryptocurrency passing through our tills every month, and this continues to grow,” said Deven Moodley, Pick n Pay’s executive head of value-added services. “Crypto payments fit into our Ways2Pay strategy of giving more customers mechanisms to pay in our stores.”

Furthermore, MoneyBadger’s platform, CryptoQR, allows seamless Bitcoin transactions via QR codes and integrates with major crypto wallets like Binance, Luno, VALR, and AltCoinTrader.

The startup has also partnered with Ecentric, a payments provider servicing two-thirds of South Africa’s listed retailers, to bring Bitcoin into everyday retail.

The company plans to use the new funding to:

Expand partnerships with Tier 1 retailers, e-commerce gateways, and QR-based payment networks.

Increase adoption among merchants and consumers.

Explore international markets beyond South Africa.

“This funding round, partly funded in Bitcoin, helps us accelerate these partnerships and expand our well-established service to more consumers, more merchants, more use-cases, and more countries,” said Van Wyk. “We envision a future where you can buy anything and everything with Bitcoin.”

A bet on Africa’s crypto future

While global crypto regulation remains uncertain, MoneyBadger proves that Bitcoin can work at scale in Africa.

“While the West debates crypto regulation, MoneyBadger is making Bitcoin spendable at scale,” said Hisham Halbouny, Managing Partner at P1 Ventures. “We believe the future of crypto utility will be written here in Africa.”

Van Wyk, who discovered Bitcoin in 2010 through a Reddit thread, shared his excitement on LinkedIn today:

“For me, reading about ‘magic internet money’ in a Reddit thread in 2010 led to a decade and a half of effort to ‘make Bitcoin money.’ From building Luno to now building MoneyBadger, I feel like we are finally there! A borderless, radically inclusive, internet-native currency is no longer only a sci-fi theme. It’s here, it’s real, and adoption is growing.”

With Bitcoin’s price surging from $40,000 in 2022 to over $120,000 in July 2025, the demand for crypto payments is expected to keep rising.

MoneyBadger is positioning itself at the forefront of this financial development, bridging the gap between Bitcoin and everyday commerce in Africa and beyond.

Tags: Bitcoin payment infrastructureCryptocurrency PaymentsCryptoQRMoneyBadger
Abimbola Samuel

Abimbola Samuel

Experienced crypto writer with 2+ years of expertise. Skilled researcher and analyst delivering high-quality articles. Providing insightful perspectives on the latest crypto trends.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.