The funding round was co-led by Algebra Ventures and Quona Capital and marks the company’s first external investment.

enza offers digital payment solutions that help banks and fintech companies deliver services such as cards, wallets, and real-time payments tailored to local markets.

The startup plans to use the new funding to grow its presence in key African countries, build stronger partnerships, and respond more effectively to the specific needs of its customers.

“We are excited to work with Algebra Ventures and Quona Capital,” said Hany Fekry, CEO of enza. “Their support confirms our belief that digital payments can drive financial inclusion in Africa.”

Algebra Ventures managing partner Tarek Assaad said enza is well-placed to improve Africa’s payment infrastructure:

“The team has a strong history of launching and scaling fintech businesses across the continent,” he said.

Johan Bosini, a partner at Quona Capital, said the firm was pleased to back enza in its goal to help more small businesses access digital payment services.

enza is aiming to simplify payment systems across Africa, supporting a wider shift toward inclusive, digital financial services.