UAE FinTech enza Raises $6.75M to Transform African Payments

Enza, based in the United Arab Emirates, obtained $6.75 million in initial investment funding from Algebra Ventures and Quona Capital. Since its founding in 2023 by Hany Fekry the company received its initial financial support through this investment.

Enza wants to build its business in additional African nations with new investment funds. The business supplies complete payment solutions which allow banks and fintech organizations to give their customers domestic payment features. Enza works to give small businesses and financial consumers better choices since 60 million businesses on the continent need better services while banks reach only a small part of the population.

Tarek Assaad from Algebra Ventures sees Enza as a powerful solution for African payments transformation, but Johan Bosini from Quona Capital wants to assist the team in reaching financial inclusion across the continent.