Enza Closes $6 Million Funding Round to Develop Payment Infrastructure

• The UAE-based fintech startup Enza has raised $6 million in a Seed+ funding round led by 4DX Ventures, with participation from British International Investment (BII), the UK’s development finance institution. Existing investors Quona Capital and Algebra Ventures also increased their investments in the company after participating in leading its $6.75 million seed funding round in March 2025.
• Founded in 2023 by Hani Fekry and Hamish Houston, the company is headquartered in Abu Dhabi and has regional offices in Egypt, South Africa, Ghana, and Nigeria. It provides payment infrastructure that enables banks and fintech companies to offer digital payment services through integration with a single platform.
• Enza currently serves banks and fintech companies in 12 African countries, offering solutions that include payment acceptance, transaction processing, fraud detection, and other payment services, enabling financial institutions to modernize their systems while retaining control over their customer relationships and data.
• The company will use the funding to expand into new African markets, obtain additional regulatory licenses, and continue developing payment technologies and its product and service offerings.

Press Release:

Enza, a provider of payment infrastructure for banks and fintech companies in Africa, announced the closure of a Seed+ funding round of $6 million, led by 4DX Ventures.

British International Investment (BII), the UK’s development finance institution, joined the round as a new investor, while Quona Capital and Algebra Ventures, which participated in leading the company’s seed funding round in 2025, increased their current investments.

The new round reflects the confidence of investors who are more familiar with Enza’s business, as existing investors have closely followed the company’s progress since its seed round and decided to inject additional capital to support its growth. BII also joined after completing due diligence and assessments related to investment and environmental, social, and governance (ESG) criteria.

The Importance of Investment for the Financial Sector in Africa

Choosing the partner responsible for payment infrastructure is one of the most critical decisions banks make, as it determines the nature of the products and services they can offer in the market, how they can differentiate their services from competitors, and the markets in which they can operate profitably.

Changing the infrastructure provider incurs high costs, and arrangements with external service providers are subject to regulatory scrutiny, making this decision have long-term implications.

Until recently, banks had limited options and largely relied on traditional providers and their legacy systems.

However, a new generation of payment infrastructure companies has begun to emerge, relying on modern technology architectures that provide greater speed and lower operational costs, allowing products and services to be brought to market in shorter timeframes.

Enza is one of the companies leading this transformation in the African continent, currently providing its services to banks and fintech companies in 12 countries.

The company will direct the new capital towards areas that its clients rely on heavily, as it plans to expand into new markets, particularly those where the digital transformation of payments presents a significant economic opportunity and national priority, alongside obtaining the additional licenses needed to serve more banks and fintech companies.

This will enable clients to access payment infrastructure that meets local market needs, complies with regulatory requirements in each market, and relies on modern technologies designed for scalability.

The funding will also support the company’s continued investment in expanding its product range and enhancing the value its services provide to clients.

Hani Fekry, CEO of Enza Group

Hani Fekry, CEO of Enza Group, stated:

"Since our inception, we have been working to build the payment infrastructure partner that banks and fintech companies in Africa have been lacking.

Our existing investors have followed our achievements closely and decided to inject more capital to support the acceleration of our growth.

Receiving support from prominent investors in the fintech sector, alongside a development finance institution of BII’s stature, after a thorough evaluation of our business, is a strong affirmation of what we are building.

For our clients, this means having a partner with the necessary resources and stability to continue investing in developing their payment capabilities.

It also reaffirms our commitment to contributing to the transformation taking place across the African continent with every payment."

Daniel Marlow, Managing Partner at 4DX Ventures

Daniel Marlow, Managing Partner at 4DX Ventures, said:

"The payments sector in Africa has long surpassed reliance on cards and has now become dependent on multiple integrated channels, yet the infrastructure banks rely on has not evolved at the same pace.

Enza enables banks to modernize their systems through a single technical integration with its platform, allowing them to retain control over their merchant networks and data.

We led this round because we see that Enza addresses a fundamental gap in the payments ecosystem, and its founders have prior experience in this field.

They contributed to building one of the leading payment processing companies on the continent, which provided services to banks in over 40 African markets, and later led payment processing and regional operations at one of the largest payment companies in the region after acquiring their company.

This track record has earned them the trust of banks, payment networks, and regulators across Africa, which ultimately determines success opportunities in this sector.

We believe that Enza is capable of becoming the backbone of money movement across the continent by connecting banks, merchants, and consumers within a modern and unified network. We are excited to work with the team to achieve this vision."

Shirantan Patnaik, Head of Innovative Investments at BII

Shirantan Patnaik, Head of Innovative Investments at BII, stated:

"Enza provides banks and financial institutions with the modern payment infrastructure they need to reduce costs, expand payment options, and enhance access to affordable and reliable financial services in emerging markets.

Our investment in Enza reflects our focus on financial inclusion and support for small and medium-sized enterprises by addressing one of the key barriers they face, which is the high cost and complexity of digital payment infrastructure."