The investment will support the company’s expansion into new markets and develop new payment solutions.

MoneyHash is a payment processing platform that provides businesses with a variety of tools to accept and make payments online and offline.

The company’s platform is designed to be easy to use and integrate with existing systems, and it offers a wide range of payment methods, including credit cards, debit cards, mobile wallets, and bank transfers.

MoneyHash is currently active in Egypt and Kenya, and it plans to expand into other African countries in the near future.

The company is also developing new payment solutions, such as a buy now, pay later option and a cryptocurrency payment gateway.

In a statement, MoneyHash CEO Ahmed Al-Balaghi said, “We are excited to have Tom Preston-Werner join our team as an investor. His experience in building and scaling successful technology companies will be invaluable to us as we expand our payment solutions and reach new markets.”

Tom Preston-Werner said, “I am impressed by the team at MoneyHash and their vision for building a better payment experience for businesses and consumers in emerging markets. I am confident that they will use this investment to continue to grow and innovate.”

MoneyHash is one of a number of fintech startups in Africa that are developing new payment solutions.

These companies are helping to address the challenges of the continent’s fragmented and intricate payment ecosystem.

They are also helping to make financial services more accessible to businesses and consumers in emerging markets.

The funding round also attracted the participation of Sanabil500, INSEAD’s alumni angel network, and other investors.

Intella is a voice technology company that is developing end-to-end AI models localized for the MENA region.

The company’s flagship product, Intella Voice, is a speech-to-text engine that has achieved state-of-the-art accuracy in Arabic dialects.

Intella Voice is already being used by a number of companies in the region, including telecom operators, call centers, and media companies.

The new funding will allow Intella to accelerate its expansion into the Saudi market and continue developing its AI models.

“We are excited to partner with Intella and support their mission to bridge the gap between the Arab-speaking world and AI advancements,” said Ali Abussaud, Founding Managing Partner of HALA Ventures.

“Intella’s voice technology has the potential to revolutionize how people interact with computers and devices in the MENA region.”

In addition to its speech-to-text engine, Intella is also developing other voice-related AI products and services, such as audio summarization, sentiment analysis, topic extraction, and call scoring.

The company plans to launch these new products and services soon.

Intella is headquartered in Cairo, Egypt, and has offices in Riyadh, Saudi Arabia, and Dubai, United Arab Emirates.

The company was founded in 2020 by Nour Taher and Omar Mansour.

The funding will accelerate the company’s growth in Africa, develop new products, and expand into new markets.

Peach Payments was founded in 2011 and has since grown to become one of the largest digital payment service providers in Africa.

The company offers various payment solutions to businesses of all sizes, including online payments, mobile payments, and point-of-sale payments.

Peach Payments is headquartered in Cape Town, South Africa, and has offices in Kenya, Mauritius, and Nigeria.

The funding deal is a sign of investor confidence in Peach Payments and the African digital payments market.

Africa is one of the fastest-growing digital payments markets in the world, and Peach Payments is well-positioned to capitalize on this growth.

Peach Payments CEO Rahul Jain emphasized the company’s commitment to simplifying the payment landscape for businesses expanding across Africa.

The fintech startup’s unique feature allows businesses to seamlessly transition into new African countries without having to find new payment partners.

With up to 12 different payment methods, including credit cards, debit cards, instant EFTs, various buy-now-pay-later options, and electronic vouchers, Peach Payments offers a comprehensive solution to the fragmentation in payment methods that plagues many African markets.

The funding round was led by Invenfin, the venture capital arm of Remgro Limited.

Root was founded in 2016 by Louw Hopley and provides an end-to-end insurance platform that enables companies to build, sell, and manage digital insurance products.

The company’s platform is low-code and API-first, making it easy for businesses to develop and deploy custom insurance solutions.

Root has already established a presence in the UK and Europe, and its platform is being used by a number of leading insurers and fintech companies.

The fresh funding will allow Root to expand its team and further develop its platform to meet the growing demand for embedded insurance.

Embedded insurance is a new way to distribute insurance products, in which insurance is embedded into other products and services.

For example, a car rental company might offer embedded insurance to its customers to protect them against accidental damage.

Embedded insurance is a rapidly growing market, and Root is well-positioned to capitalize on this growth.

The company’s platform makes it easy for businesses to offer embedded insurance products, and Root has a strong track record of working with leading insurers and fintech companies.

Root’s new funding round is a significant milestone for the company and for the African insurtech ecosystem.

It is a testament to the growing interest in investing in African startups and to the potential of Root to make a positive impact on the global insurance industry.

• CatalyzU (South Africa): A digital platform that vets, trains, & places Africa’s leading talent at global startups.
• MPOST (Kenya): The startup empowers individuals in the developing world with virtual addresses.
• Seso (Ghana): The startup is on a mission to bring transparency in Africa’s real estate sector.
• Ladder (Ghana): Ladder is providing personalized financial advisory and accountancy services.
• Payfi (Nigeria): A buy now, pay later startup that provides international students access to affordable housing.
• Cutstruct (Nigeria): The startup provides a platform for a building material marketplace, driving efficiency in construction in Africa.
• Chimoney (Nigeria): A fintech startup that provides digital financial services to Nigerians living abroad.
• Reeple.ai (Nigeria): A fintech startup helping helping African immigrants in the Diaspora access seamless financial services.
• Oval (Nigeria): A fintech startup that provides customers with DeFi-enabled products. 
• Hulugram (Ethiopia): The Ethiopian startup is enabling social engagement for over 30 million internet users in the country via a chat-based platform.

The fund will be used to invest in early-stage startups that are “organizing the offline online” and “digitizing key African industries.”

Enza Capital was founded in 2019 by Niyi Ajao and Wale Ayeni, two experienced venture capitalists with a deep understanding of the African startup market.

The firm has already invested in a number of successful startups, including fintech company Flutterwave, logistics company Kobo360, and healthcare company Lifebank.

The closing of Fund II is a significant milestone for Enza Capital and for the African startup ecosystem as a whole.

It is one of the largest early-stage funds ever raised in Africa, and it is a testament to the growing interest from global investors in the continent’s startup scene.

The fund will focus on investing in startups in the following sectors:

• Fintech
• Logistics
• Healthcare
• Human capital
• Climate tech

Enza Capital is particularly interested in startups that are using technology to bridge the gap between the online and offline worlds and to digitize key African industries.

The firm is also known for its innovative approach to venture capital. In addition to providing capital, Enza Capital also provides its startups with access to a network of mentors, advisors, and resources.

The closing of Fund II is a positive development for the African startup ecosystem. It shows that there is growing interest from global investors in the continent’s startups, and it provides Enza Capital with the resources it needs to continue to support the next generation of African entrepreneurs.

Analysis

The closing of Enza Capital’s Fund II is a significant event for the African startup ecosystem. It is one of the largest early-stage funds ever raised in Africa, and it is a testament to the growing interest from global investors in the continent’s startup scene.

The fund is also notable for its focus on investing in startups that are “organizing the offline online” and “digitizing key African industries.” This is a critical area of investment, as Africa is still rapidly urbanizing and its economy is becoming increasingly digital.

Enza Capital’s innovative approach to venture capital is also worth noting. The firm provides its startups with access to a network of mentors, advisors, and resources, in addition to capital. This is important, as startups in Africa often face unique challenges that require specialized support.

Overall, the closing of Enza Capital’s Fund II is a positive development for the African startup ecosystem. It provides a strong signal to global investors that Africa is a place where they can find attractive investment opportunities.

It also gives Enza Capital the resources it needs to continue to support the next generation of African entrepreneurs.