Fonbnk

Fonbnk is a fintech company based in Delaware, founded in 2019. It focuses on connecting mobile-first, cash-based economies to Web3 and digital finance, particularly targeting unbanked and underbanked populations in emerging markets like Sub-Saharan Africa. Fonbnk utilizes prepaid mobile infrastructure to provide access to stablecoins and digital currencies, facilitating low-cost cross-border transactions. The company offers several services, including stablecoin on/off-ramps that convert prepaid mobile airtime into digital currencies, global settlements for chargeback-free international commerce, and integration tools for businesses to embed its payment infrastructure. Fonbnk also features a crypto wallet that allows users to manage digital assets directly through their prepaid SIM cards. Its technology is built on the Stellar blockchain, enabling instant settlements and interoperability with global financial systems, while promoting financial inclusion through existing telecom networks.