Enza Lands $6.75M Seed Funding to Boost Fintech in Africa

Editorial Team

Last updated 24-03-2025

2 min

Enza, a UAE-based fintech startup, secured $6,75 million in its latest seed funding round.

The funding was led by Algebra Ventures and Quona Capital to boost operations across Africa.

Enza develops cutting-edge payment solutions, aiding banks and fintech firms in seamless transactions.

Currently operating in Egypt, Nigeria, and South Africa, Enza targets Africa's booming fintech sector.

Founded in 2022, Enza aims to shape modern African payment infrastructure with strong investor backing.

It's always fascinating to watch the rise of promising fintech startups, isn't it? Well, here's another one to keep your eye on: the UAE-based company Enza has just bagged itself a generous slice of venture capital funding, securing a cool $6.75 million in its latest seed round.

This fresh bit of funding was spearheaded by Algebra Ventures alongside Quona Capital, two heavyweights in the investment scene known for backing successful ventures in tech-forward businesses. According to the announcement, the money will be channelled towards ramping up operations across Africa and enhancing Enza's technology platform.

For those who've yet to come across Enza (it's still fairly fresh-faced, having launched only last year), the firm develops next-generation payment solutions including cards, digital wallets and instant payment technology. Essentially, they help banks and fintech firms manage payments effortlessly and swiftly—a pretty sleek operation from what I've heard.

Currently, they offer their services in Egypt, Nigeria and South Africa, three countries at the forefront of the continent's fintech revolution. It’s no secret that fintech is booming in Africa, and clearly, Enza sees plenty of opportunties there worth exploring.

Founded by the duo Hany Fekry and Hamish Houston back in 2022, Enza appears passionate about leading the charge in shaping modern African payment infrastructure. Considering the high-profile backing they've received now, it seems the investment community shares that enthusiasm.

Whether you're a fintech enthusiast following Arageek, or simply interested in tech trends shaping new markets, Enza's progress is worth watching. And with online and mobile payments becoming as common as ordering your favourite takeaway curry, there's no doubt Enza is positioning itself in exactly the right place at the right time.

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