enza raises $6 million to expand African payments network

What happened

Abu Dhabi-headquartered fintech enza has raised $6 million in a Seed+ funding round led by 4DX Ventures, with British International Investment (BII) also participating. The capital is intended to support expansion into additional African markets, although the reporting available to us does not specify which countries are next.

Existing investors Quona Capital and Algebra Ventures, which co-led the company's $6.75 million seed round in March 2025, also increased their stakes. enza was founded in 2023 by Hany Fekry and Hamish Houston and operates regional offices in Egypt, South Africa, Ghana and Nigeria alongside its Abu Dhabi base.

The company offers payment infrastructure that lets banks and fintechs deliver digital payment services through a single platform integration. Its technology covers payment acceptance, transaction processing and fraud detection, and it currently serves institutions across 12 African countries.

Why it matters

For banks and fintechs, the attraction of a shared payments layer is that it allows them to modernise how they accept, process and secure payments without rebuilding every core system in-house. enza's model is designed so that institutions keep control of their customer relationships and data, which points to a modernisation path that leaves ownership of the customer where it already sits. For leaders weighing digital transformation against customer trust, that distinction is central.

The round also reflects continued investor interest in payments infrastructure across Africa, with both new and returning backers involved. For operators, the more useful question is whether shared infrastructure can deliver predictable, low-friction payment experiences across markets with different banking and regulatory conditions, rather than the size of the funding round itself.

By the numbers

• $6 million raised in the Seed+ round led by 4DX Ventures.
• $6.75 million seed round co-led by Quona Capital and Algebra Ventures in March 2025.
• 12 African countries where enza currently serves banks and fintech companies.
• 2023 founding year, with offices in Egypt, South Africa, Ghana and Nigeria.

The Renascence take

The headline is about capital, but the more instructive detail is who keeps the customer. Infrastructure plays like this one are often judged on speed of rollout, yet the experience question is whether a customer can tell which institution they are actually dealing with at the moment of payment.

Most readers will focus on the $6 million and miss that enza's proposition is really about preserving the customer relationship while outsourcing the plumbing. The underlying service-design principle is that customers judge a payment by its failure modes, so fraud checks and declines carry as much weight in the experience as the happy path. A customer-obsessed operator should audit which payment touchpoints it wants to own and which it can hand off, and track fraud-related friction as a core CX metric before expanding into new markets.