{"id":662928,"date":"2025-03-25T00:00:00","date_gmt":"2025-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/25\/egyptian-led-fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/"},"modified":"2025-03-25T00:00:00","modified_gmt":"2025-03-25T00:00:00","slug":"egyptian-led-fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/25\/egyptian-led-fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/","title":{"rendered":"Egyptian-led fintech Enza raises USD 6.8 mn in first external funding round"},"content":{"rendered":"

Egyptian-le<\/strong>d fintech startup <\/strong>Enza<\/a><\/strong> wrapped up its first external funding round<\/strong>, raising USD 6.8 mn in seed equity in a transaction jointly led by our friends at regional player Algebra Ventures and US-based Quona Capital, the Abu Dhabi-headquartered payments firm said in a statement (pdf)<\/a>. Veteran fintech investor Hossam Abou Moussa<\/a> (podcast<\/a>), a longtime friend of EnterpriseAM, is an early angel investor in the company.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

Enza?<\/strong> Enza<\/a> is an Egyptian-founded, pan-African payments solution company with regional offices in Egypt, South Africa, and Nigeria. The company targets retail consumers and businesses across the continent, providing payment solutions that allow banks and fintechs to provide \u201cseamless, locally relevant payment capabilities, including cards, wallets, and real-time payments.\u201d After being founded in 2023, the startup partnered with TerraPay and made it onto the Visa Accelerator Program under the leadership of founder and CEO Hany Fekry.<\/p>\n

What\u2019s the money for? <\/strong>Enza will use the funds to grow in African markets as well as to push \u201cdeeper partnerships\u201d while \u201cimproving responsiveness to the localized needs of its growing client base,\u201d according to the statement.<\/p>\n

What<\/strong> they said: <\/strong>\u201cThis investment is a strong endorsement of our team, our market-leading services, and our commitment to empowering banks and fintechs to drive financial inclusion across the continent,\u201d said Fekry.<\/p>\n","protected":false},"excerpt":{"rendered":"

The fresh funds will be used to expand the fintech\u2019s presence across key African markets<\/p>\n","protected":false},"author":1,"featured_media":662929,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[398,72,183,95,200],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-662928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-algebra-ventures","tag-enterpriseam","tag-fintech","tag-startup-watch","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"ef7dc71c-4736-4fb1-a711-1dcda62ff7b5","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1973.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egyptian-led fintech Enza raises USD 6.8 mn in first external funding round","related_issue":[662915],"teaser":"The fresh funds will be used to expand the fintech\u2019s presence across key African markets","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.79d6da6e-2c40-490f-8d97-8abc9bff05fb.mp3"},"yoast_head":"\nEgyptian-led fintech Enza raises USD 6.8 mn in first external funding round - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/03\/25\/egyptian-led-fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian-led fintech Enza raises USD 6.8 mn in first external funding round\" \/>\n<meta property=\"og:description\" content=\"The fresh funds will be used to expand the fintech\u2019s presence across key African markets\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/03\/25\/egyptian-led-fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-25T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1973.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/03\/25\/egyptian-led-fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/03\/25\/egyptian-led-fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egyptian-led fintech Enza raises USD 6.8 mn in first external funding round\",\"datePublished\":\"2025-03-25T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/03\/25\/egyptian-led-fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\"},\"wordCount\":244,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/03\/25\/egyptian-led-fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1973.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Algebra Ventures\",\"EnterpriseAM\",\"Fintech\",\"Startup watch\",\"venture capital\"],\"articleSection\":[\"Startup watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/03\/25\/egyptian-led-fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/03\/25\/egyptian-led-fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\",\"name\":\"Egyptian-led fintech Enza raises USD 6.8 mn in first external funding round - 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Accion Venture Lab, which had recently secured USD 33 mn in funds\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":619726,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/09\/fintech-startup-mnzl-raises-usd-3-5-mn-in-funding-round\/","url_meta":{"origin":662928,"position":1},"title":"Fintech startup Mnzl raises USD 3.5 mn in funding round","author":"enterpriseam admin","date":"9 May 2024","format":false,"excerpt":"Mnzl provides affordable credit solutions by leveraging assets such as homes and cars","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/519.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591476,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/08\/egyptian-led-fintech-startup-tribal-credit-raises-usd-5-5-mn-seed-round\/","url_meta":{"origin":662928,"position":2},"title":"Egyptian-led fintech startup Tribal Credit raises USD 5.5 mn seed round","author":"enterpriseam admin","date":"8 December 2019","format":false,"excerpt":"STARTUP WATCH- Tribal Credit raises USD 5.5 mn seed round: Tribal Credit, a Silicon Valley-based fintech startup co-founded by Egyptian entrepreneurs Amr Shady and Mohamed Elkasstawi, has raised USD 5.5 mn in a seed funding round led by BECO Capital and Global Ventures, according to an emailed statement (pdf). The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545519,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/fintech-app-khazna-raises-usd-38-mn-in-series-a-funding\/","url_meta":{"origin":662928,"position":3},"title":"Fintech app Khazna raises USD 38 mn in series A funding","author":"enterpriseam admin","date":"3 April 2022","format":false,"excerpt":"Local fintech startup Khazna has raised USD 38 mn in equity and debt in a series A funding round, according to a press release (pdf). The round was led by US-based Quona Capital and includes previously announced funding from Nclude \u2014 the new USD 85 mn fintech fund launched by\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/84.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568796,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/egyptian-food-tech-startup-elmenus-raises-usd-8-mn-in-series-b-round\/","url_meta":{"origin":662928,"position":4},"title":"Egyptian food-tech startup Elmenus raises USD 8 mn in series B round","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"STARTUP WATCH- Elmenus raises USD 8 mn in Algebra, Global Ventures-led series B funding round: Cairo-based food-tech startup Elmenus has raised USD 8 mn in a series B funding round led by our friends at Algebra Ventures and UAE-based venture capital fund Global Ventures, according to an emailed statement (pdf).\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557384,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/16\/fintech-startup-dopay-raises-usd-18-mn-in-series-a-round\/","url_meta":{"origin":662928,"position":5},"title":"Fintech startup Dopay raises USD 18 mn in series A round","author":"enterpriseam admin","date":"16 September 2021","format":false,"excerpt":"Egypt-based fintech startup Dopay has secured USD 18 mn in funding in a series A round led by UK VC firm Force Over Mass Capital, Dutch development bank FMO and NN Group, the company said in a statement yesterday. African investor Mbuyu Capital and Nordic fund Alder Tree Investments also\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/226.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/662928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=662928"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/662928\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/662915"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/662929"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=662928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=662928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=662928"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=662928"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=662928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}