26-03-2025
1 week ago

Enza Secures $6.75 Million in Seed Funding to Expand African Payment Solutions

Investment Round Led by Algebra Ventures and Quona Capital
Enza, a prominent innovator in African payment solutions, has successfully raised $6.75 million in a seed equity round, co-led by Algebra Ventures and Quona Capital. This marks the company's first external funding, a crucial milestone in its growth journey.

Fueling the Mission for Inclusive Commerce
The new investment will accelerate Enza’s mission to “liberate the world of payments for more inclusive, opportunity-driven commerce” across the African continent. Enza aims to bridge gaps in payment access and financial inclusion, enhancing opportunities for businesses and consumers alike.

About Enza
Enza is an African-based company focused on providing innovative and scalable payment solutions that empower individuals and businesses. With a vision of creating an inclusive financial ecosystem, Enza leverages cutting-edge technology to drive access to secure and seamless payment methods across Africa. The company is committed to fostering economic growth by facilitating cross-border transactions and promoting digital payments for underserved markets.

Final Takeaway
Enza’s successful $6.75 million seed funding round marks a significant step in advancing payment solutions across Africa. With support from prominent investors like Algebra Ventures and Quona Capital, Enza is poised to expand its innovative payment platform, helping to foster greater financial inclusion and driving economic growth across the continent. This investment reflects growing confidence in the potential of African fintech and highlights Enza’s role in shaping the future of commerce in the region.