This marks Renew Capital’s first investment in Tunisia.

Founded in 2021 and licensed by the Central Bank of Tunisia, Konnect provides businesses with a suite of digital payment tools, including seamless payment links, e-commerce plugins, and a robust API.

Its services aim to enhance the efficiency, security, and accessibility of online financial transactions, catering to businesses of all sizes.

The newly secured funding, the amount of which remains undisclosed, will enable Konnect to scale its operations and broaden its reach across North Africa.

The startup’s growth strategy includes key partnerships, such as a strategic collaboration with Visa, aimed at advancing the adoption of secure and efficient digital payment services in the region.

Amin Ben Abderrahman, the founder of Konnect, emphasized the company’s mission to revolutionize digital payments.

“We’ve built Konnect to make digital payments more accessible, secure, and user-friendly,” he said.

“Our platform supports both individuals and businesses, allowing them to manage their payments with ease. We’re excited to continue expanding across North Africa and providing innovative financial services that cater to the needs of underserved communities,” he added.

Renew Capital expressed strong support for Konnect’s vision and potential. 

Karim Ben Fadhel, the investment ecosystem development manager at Renew Capital, highlighted the startup’s role in fostering financial inclusion.

“Their platform not only simplifies financial transactions but also opens doors for greater financial inclusion,” he said.

“We’re proud to support Amin and his team as they lead the way in expanding access to secure and scalable payment solutions.”