Tunisian Fintech Konnect Secures Investment from Renew Capital

Tunisian fintech startup Konnect has received an undisclosed investment from Renew Capital to advance its digital financial platform. Founded in 2021 by Amin Ben Abderrahman, Konnect aims to simplify financial management for users, particularly the unbanked, by offering tailored digital services that address key barriers to financial access.

Konnect’s platform enables individuals and businesses to send and receive payments securely and efficiently, both domestically and internationally. Through strategic partnerships, including a collaboration with Visa, Konnect is facilitating the region’s transition toward digital payments, making secure financial services more accessible.

In October 2024, Konnect raised USD 1.3 M in seed funding from 54 Collective, formerly Founders Factory Africa, to enhance its payment solutions and promote financial inclusion across Africa.

The recent investment from Renew Capital will support Konnect’s mission to expand its services, further bridging the financial inclusion gap in North Africa. By leveraging technology and strategic partnerships, Konnect is poised to play a significant role in the region’s digital transformation of financial services.