Abu Dhabi enza raises $6M Seed+ for African payments expansion now

enza has raised a $6 million extended seed round. The Abu Dhabi-based payments infrastructure company announced the Seed+ financing, led by 4DX Ventures. British International Investment joined as a new investor. Quona Capital and Algebra Ventures, which co-led the company’s earlier seed round, both increased their positions. The capital will fund expansion into additional African markets, the securing of further regional licenses, and continued investment in the core product. enza provides a single integration that lets banks and fintechs offer cards, wallets, real-time payments, mobile money, QR codes and local card schemes while retaining control of their merchants and data. Pricing is on a per-transaction basis. The platform connects to domestic schemes such as Verve, AfriGo and Meeza alongside international networks including Visa and Mastercard. Hany Fekry, Group Chief Executive Officer, said the company has been building the payments infrastructure partner that African banks and fintechs have been missing. Existing investors have seen delivery and have put more capital behind growth. Daniel Marlo of 4DX Ventures noted that enza addresses a key gap by enabling banks to modernize via one integration while keeping control of merchants and data. The founders previously held senior roles at Network International and have used those relationships to secure bank contracts. enza is headquartered in Abu Dhabi and maintains offices in Egypt, South Africa, Ghana and Nigeria. It was founded in 2022 or 2023 by Hany Fekry and Hamish Houston, both former Network International executives. At the time of its 2025 seed round the company had secured more than 10 million monthly contracted transactions through live bank partnerships across six African markets. It now reports serving clients across a larger set of countries. The earlier seed was approximately $6.75 million and was co-led by Algebra Ventures and Quona Capital. For banks and payment operators in the region the practical change is that a UAE-headquartered infrastructure provider has raised additional capital specifically to deepen its presence in African markets where digitization of payments is a priority. The value of that step depends on whether the company secures the additional licenses it targets, whether contracted transaction volumes continue to grow beyond the earlier 10 million monthly figure, and whether later disclosures show revenue or deployment data from the new markets. Other processors also offer multi-rail connectivity; this is one single-integration option built by executives who previously scaled processing across more than 40 African markets. If the next update from enza names new country licenses, quantifies additional contracted volume, or reports further bank partnerships, the extended seed has a measurable next step. If the following statement only restates the $6 million raise and the investor list, the change for the market remains the same as the announcement. The figures missing from the current disclosure are the post-money valuation, the share of revenue still concentrated in the original six markets, and independent verification of the transaction volumes beyond company statements. The round is one capital step for taking UAE-based payments infrastructure deeper into African bank and fintech relationships; the depth of that expansion will be clear only from later operational data.