Enza, a payments infrastructure provider to banks and fintechs across Africa, has closed a $6 million Seed+ round led by 4DX Ventures. British International Investment (BII), the UK’s development finance institution, joins as a new investor. Quona Capital and Algebra Ventures, which co-led Enza’s seed round in 2025, have both added to their positions.
Enza will use the new capital to extend into new markets, particularly those where the digitisation of payments is both a major opportunity and a national priority.
“Since our launch, we have been building the payments infrastructure partner African banks and fintechs have been missing. Our existing investors have seen us deliver, and they have put more capital behind us to accelerate our growth,” said Hany Fekry, group chief executive officer of Enza. “To have leading fintech investors and a development finance institution of BII’s standing back that, after looking hard at what we do, is a powerful endorsement. For our clients, it means a partner with the resources and stability to keep investing in their payment capabilities. It also reaffirms our commitment to the transformation of the continent, one payment at a time.”
“Payments in Africa have moved well beyond cards and are truly omni-channel today, yet the infrastructure on which banks depend has not kept pace,” commented Daniel Marlo, managing partner at 4DX Ventures. “Enza enables banks to modernise via a single integration to Enza’s platform while allowing banks to retain control of their merchants and their data.”
“4DX led this round because we see that Enza addresses a key gap in the ecosystem and the founders have done this before. They helped build one of the continent’s leading payment processors, serving banks across more than 40 African markets, and subsequently led processing and regional operations for one of the region’s largest payments companies following its acquisition of their business.”
“Enza provides banks and financial institutions with the modern payments infrastructure that they need to reduce costs, broaden payment options, and expand access to affordable and reliable financial services across developing markets,” added Chirantan Patnaik, head of disruptive ventures at BII. “Our investment in Enza reflects our focus on inclusive finance and supporting SMEs by tackling a major barrier: the high cost and complexity of digital payments infrastructure.”
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