{"id":102025,"date":"2025-03-25T00:00:00","date_gmt":"2025-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/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":"fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/","title":{"rendered":"Fintech Enza raises USD 6.8 mn in first external funding round"},"content":{"rendered":"

Abu Dhabi<\/strong>-headquartered fintech startup Enza wrapped up its first external <\/strong>funding round<\/strong>, raising USD 6.8 mn in a seed equity round jointly led by our friends at the regional tech-focused VC outfit Algebra Ventures and US-based Quona Capital, according to 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

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 with a mission \u201cto enable more inclusive, opportunity led commerce\u201d across the continent. 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>The fresh funds will be used to expand the fintech\u2019s presence across key African markets, in addition to \u201cfostering deeper partnerships, and improving responsiveness to the localized needs of its growing client base,\u201d according to the statement.<\/p>\n

What 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 round was led by our friends at the regional tech-focused VC outfit Algebra Ventures and US-based Quona Capital<\/p>\n","protected":false},"author":1,"featured_media":102026,"comment_status":"","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":[1548],"tags":[79,78,274],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-fintech","tag-startup-watch","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"069fcc09-a41a-4edf-82ff-a58ea282ddc7","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1957.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Fintech Enza raises USD 6.8 mn in first external funding round","related_issue":[102011],"teaser":"The round was led by our friends at the regional tech-focused VC outfit Algebra Ventures and US-based Quona Capital","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.425a8133-ca4d-4da6-951b-b9154dec3fea.mp3"},"yoast_head":"\nFintech Enza raises USD 6.8 mn in first external funding round - UAE<\/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\/uae\/2025\/03\/25\/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=\"Fintech Enza raises USD 6.8 mn in first external funding round\" \/>\n<meta property=\"og:description\" content=\"The round was led by our friends at the regional tech-focused VC outfit Algebra Ventures and US-based Quona Capital\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\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\/1957.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\/uae\/2025\/03\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"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\/uae\/2025\/03\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\"},\"wordCount\":212,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1957.jpg?fit=%2C&ssl=1\",\"keywords\":[\"fintech\",\"STARTUP WATCH\",\"VENTURE CAPITAL\"],\"articleSection\":[\"STARTUP WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2025\/03\/25\/fintech-enza-raises-usd-6-8-mn-in-first-external-funding-round\/\",\"name\":\"Fintech Enza raises USD 6.8 mn in first external funding round - 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