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§ Private Profile · Abu Dhabi, UAE
Technology company building a payments platform for African payments, enabling digital transactions and addressing challenges.
Enza is a financial technology company based in Cairo, Egypt, that develops a digital payments platform designed to integrate various transaction channels, schemes, and services across the African continent. The organization focuses on accelerating cash displacement by providing commercial banks and enterprise clients with unified access to comprehensive payment solutions, even when those services are not natively offered by their existing systems. Furthermore, the enterprise leverages the extensive regional experience of its leadership team, who previously scaled EMP Group to service more than 180 banks throughout the African financial sector. The company operates under the strategic guidance of Chairman Mark Richards to navigate the complex regulatory and technical landscape of emerging market financial infrastructure. Enza was recently established to address unsolved payment challenges in the region and was founded by Hany Fekry and Hamish Houston.
enza has raised $7.0M across 1 funding round.
enza has raised $7.0M in total across 1 funding round.
enza has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in March 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2025 | $7M Seed | — | Algebra Ventures, Quona Capital | Announced |
enza has raised $7.0M in total across 1 funding round.
enza's investors include Algebra Ventures, Quona Capital.
Enza Group is a fintech company founded in 2023 and headquartered in New Cairo, Egypt, specializing in payment solutions for financial institutions, banks, fintechs, and businesses across Africa[1][2][3][5][6]. It builds cloud-native, open-API platforms that enable digital payments, real-time data insights, and streamlined systems to liberate payments from legacy constraints, serving buyers and sellers to foster financially inclusive commerce[1][3]. The company solves critical problems like high costs, limited flexibility, and lack of innovation in African payments by offering fast, secure, and customizable solutions that boost competitiveness, unlock new revenue streams, and support embedded finance[1][3][5].
With roots in pioneering African payments, Enza demonstrates strong growth momentum through its experienced team and focus on Africa's digital commerce boom, positioning it to empower over 180 banks in 40+ countries via modernized capabilities[3].
Enza was founded in 2023 by a team of payment pioneers and entrepreneurs who previously built the highly successful EMP Group two decades ago, which delivered payments services to over 180 banks across more than 40 African countries[2][3]. This group reunited to tackle Africa's evolving financial challenges, launching Enza to democratize payments and enable global competitiveness through financial inclusion[1][3][6]. The name "enza" symbolizes a new beginning, reflecting their vision to unlock payments' potential in a digital-first era[3]. Early traction stems from the founders' established relationships with regulators, customers, and partners, backed by a board of investment, banking, and payments veterans[3].
(Note: Enza Group is distinct from Enza Capital, a separate African VC firm with a portfolio in fintech, health, and logistics[4].)
Enza rides the wave of Africa's digital payments explosion, driven by rising smartphone penetration, e-commerce growth, and demand for inclusive finance amid a young, urbanizing population[1][3][6]. Its timing aligns perfectly with the shift from legacy systems to agile, API-driven infrastructure, capitalizing on market forces like regulatory support for open banking and the need for cross-border commerce in a 1.4 billion-person market[1][3]. By empowering banks and fintechs, Enza influences the ecosystem through enhanced merchant experiences, reduced friction in transactions, and propulsion of economic development via connected financial services[1][3][5].
Enza is poised to dominate African paytech by scaling its platforms to more banks, fintechs, and MNOs, potentially capturing significant embedded finance opportunities as digital wallets and remittances surge[1][3][6]. Trends like AI-driven insights, pan-African payment rails, and regulatory harmonization will shape its path, amplifying its role in building a prosperous, inclusive continent[1][3]. Its influence may evolve from service provider to ecosystem enabler, much like its EMP Group legacy, unlocking commerce for millions and solidifying Africa's global fintech stature—truly liberating payments for opportunity-led growth[1][3].