Egyptian Payments Startup enza Raises USD 6 M Additional Seed Funding

enza, an Egyptian payments infrastructure startup founded in 2023 by Hany Fekry and a team of experienced payments executives, has raised USD 6 M in additional seed funding round to expand its operations across Africa.

The Cairo-based company provides payment processing infrastructure to banks and fintechs, allowing them to launch digital payment products through a single integration while retaining control of merchant relationships and data

The round, follows up last year’s USD 6.75 M seed round, was led by 4DX Ventures, with British International Investment (BII) joining as a new investor. Existing backers Quona Capital and Algebra Ventures also participated.

Operating in 12 African countries, enza will use the funding to enter new markets, secure regulatory licences and expand its product offerings.