Egypt’s enza raises $6m to expand payments infrastructure across Africa

Egyptian-founded fintech startup enza has raised $6 million in a new funding round as it looks to expand its payments infrastructure business into more African markets.

The seed+ round was led by 4DX Ventures, with British International Investment (BII) joining as a new investor. Existing backers Quona Capital and Algebra Ventures also participated, increasing their investments in the company. The latest raise follows enza’s $6.75 million seed round in March 2025.

Founded in 2023, enza provides payment technology to banks and fintech companies, helping them offer digital payment services without having to build complex systems from scratch.

In simple terms, its platform gives financial institutions one connection through which they can support multiple payment methods, including bank cards, digital wallets and real-time transfers. This allows banks to introduce new payment products faster, reduce operating costs and retain control over their merchant relationships and customer data.

The company currently serves bank and fintech clients in 12 African countries. It plans to use the fresh capital to enter additional markets, obtain the regulatory licences required for expansion and develop more products for its clients.

The investment comes as African businesses and consumers increasingly embrace digital payments, creating demand for reliable infrastructure behind everyday transactions.

Across the continent, payment methods vary considerably between markets. Customers may use cards, mobile money, bank transfers, QR codes and instant payment services. Connecting these systems can be difficult, particularly for financial institutions operating with older technology.

For small businesses, inefficient payment systems can mean higher transaction costs, limited payment options and difficulties reaching customers who prefer digital transactions.

Modern infrastructure can help banks and fintechs address these challenges, making payments easier to process and potentially improving access to other financial services, including credit and savings.

For enza, the opportunity lies in helping financial institutions keep pace with changing payment habits while making digital transactions more accessible to businesses and consumers.

Its latest funding signals continued investor interest in the technology powering Africa’s expanding digital payments ecosystem.