Visa Backs Tunisia’s Konnect & Morocco’s PayTic In Its African Fintech Push

Global payments giant, Visa, has announced fresh strategic investments in Tunisian fintech Konnect and Moroccan startup PayTic, deepening its commitment to Africa’s fast-growing fintech ecosystem. The move follows the conclusion of Cohort 3 of the Visa Africa Fintech Accelerator program, which wrapped up with a demo day at GITEX Africa 2025 in Marrakech.

The investments form part of Visa’s ongoing USD 1 B commitment to the continent, focused on empowering early-stage startups with funding, mentorship, and commercial opportunities. Konnect, founded in Tunisia, enables instant and accessible payments through shareable links via SMS, email, or messaging apps, offering a frictionless alternative to traditional payments.

PayTic, based in Morocco, provides digital payment back-office tools that help financial institutions boost compliance and streamline operations. Meanwhile, the startup announced a USD 4.4 M funding round earlier this month led by AfricInvest.

“These innovative fintechs are a beacon of creativity and dedication, revolutionising commerce and finance,” said Leila Serhan, Visa’s SVP for North Africa, Levant, and Pakistan. “Visa is proud to support their journey.”

The latest investments build on Visa’s recent support for other accelerator alumni, including Ghana’s Oze, Kenya’s Workpay, Nigeria’s OkHi and ORDA, and Morocco’s Chari, which also announced a new commercial partnership with Visa to digitise merchant payments in North Africa.

This year’s accelerator cohort featured 19 startups from 21 countries, 85% of which had women in leadership positions, the highest representation since the program’s inception in 2023. With more than 60 African startups accelerated to date, Visa will unveil its fourth cohort on June 2, 2025, continuing its push to drive financial inclusion and digital transformation across the continent.

Visa’s growing investment footprint signals confidence in Africa’s fintech future as digital payments gain traction amid a rapidly evolving regulatory and consumer landscape.