Abu Dhabi-based fintech enza has secured $6 million in a Seed Plus funding round, announced on November 3, as it works to expand its payments infrastructure services across Africa. The round was led by 4DX Ventures, with British International Investment, the United Kingdom’s development finance institution, joining as a new investor. Existing backers Quona Capital and Algebra Ventures also increased their investments, having previously co-led the company’s $6.75 million seed round in March 2025. The latest funding brings enza’s publicly announced fundraising across the two rounds to $12.75 million. The company provides payment processing technology to banks and fintech businesses and currently serves clients in 12 African countries, a footprint it now aims to widen with fresh capital.
Founded in 2023, enza develops infrastructure that allows financial institutions to introduce and manage different payment services without building a separate system for each channel. Its platform connects banks and fintechs to payment networks through a single integration while letting them keep control of their merchant relationships and transaction data. The services cover card payments, mobile wallets, real-time transfers, online payment gateways and merchant acquiring, with support for domestic payment systems in markets such as Egypt, Nigeria and South Africa alongside international networks including Visa and Mastercard. The company also offers fraud detection powered by artificial intelligence through enzaGuard and payment cost management tools through enza Optimizer. Group Chief Executive Officer Hany Fekry has said that since its launch the company has been building the payments infrastructure that African banks and fintechs have been missing.
The new capital will support entry into additional African markets, including obtaining the regulatory licences required to provide payment services, and will also finance further development of the product portfolio. The company has not named all the countries it plans to enter next or disclosed how much of the funding will go to individual markets. Ghana offers a recent example of how that process works. In June 2026, enza received a Payment Service Provider Enhanced licence from the Bank of Ghana and launched operations in the country in September, creating a regulatory foundation for working with local financial institutions and fintech businesses. Enza is headquartered in Abu Dhabi, with regional operations in Egypt, South Africa, Ghana and Nigeria, and its leadership includes former executives from Network International and Emerging Markets Payments, who bring experience in payment processing across African markets.
The investment arrives as digital financial services continue to grow across the continent. Account ownership among adults in Sub-Saharan Africa rose from 49 percent in 2021 to 58 percent in 2024, yet many banks still rely on systems that were not designed for today’s growing mix of mobile wallets, instant transfers and local card networks. Financial institutions increasingly need to connect multiple services while maintaining control over transactions, customer relationships and regulatory compliance, which creates demand for infrastructure that removes the need to build every integration independently. The model also reflects a wider shift in African fintech, where technology companies increasingly serve established banks rather than competing only for consumer accounts. Scaling across markets with different payment rules, currencies and technical standards will depend on securing approvals, integrating with local systems and keeping processing reliable. The company has not disclosed its valuation, annual revenue or transaction volumes, figures that would give a clearer picture of its commercial performance as it grows.
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