Dubai-based , a fintech launched in 2022 by former Network International executives Hany Fekry and Hamish Houston, has in seed funding to build payment infrastructure for banks and fintechs across Africa.

The rise of fintechs has reshaped Africa’s financial sector, often at the expense of traditional banks. Enza aims to bridge the gap by providing banks with the tools to compete with agile startups.

Payments are often the first step for financial inclusion, especially for Africa’s small businesses. Enza’s strategy centers on:

Despite the growth of fintechs like Flutterwave and Moniepoint, banks remain the regulated backbone of Africa’s payments ecosystem.

Enza helps them regain visibility and control over transactions while integrating with local and global payment networks like Visa, Mastercard, and regional schemes.

• With backing from and Quona Capital, Enza plans to expand its team and roll out new banking solutions across Africa.

“We founded Enza to solve real infrastructure problems,” said CEO Fekry. “We want African communities to access financial products as easily as people in Europe or the U.S.”

Source: Techcrunch

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