UAE-Based Enza Secures $6.75 Million in Seed Funding Round

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Enza, a UAE-based fintech company, has successfully raised $6.75 million in a Seed funding round led jointly by Algebra Ventures and Quona Capital.

This investment highlights strong confidence in Enza’s ability to revolutionize the digital payments landscape.

Enza provides a comprehensive payment infrastructure, including cards, digital wallets, and instant payments, empowering banks and fintech companies to offer seamless financial services.

Currently operating in Egypt, Nigeria, and South Africa, Enza plans to utilize this funding to expand into other key African markets and further enhance its technology platform.

Founded in 2022 by Hany Fekry and Hamish Houston, Enza aims to bridge the gap in digital payment solutions by enabling financial institutions to offer localized and efficient payment services.

“This investment is a strong validation of our team, market-leading services, and commitment to driving financial inclusion across the continent,” said Hany Fekry, CEO of Enza. “We are excited to partner with Algebra Ventures and Quona Capital, who share our vision of transforming financial services in Africa through digital payment solutions.”

Enza’s current use cases enable businesses to integrate local payment systems, real-time payment services, mobile money, and Buy Now, Pay Later (BNPL) options, in addition to international payment networks.

With this funding, Enza is set to accelerate its growth, enhance its technology, and play a key role in modernizing Africa’s financial ecosystem.

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