4DX Ventures leads and British International Investment joins. Quona Capital and Algebra Ventures, who co-led the seed, have each added to their investment.
enza, the payments infrastructure provider to banks and fintechs across Africa, has closed a US$6 million Seed+ round led by 4DX Ventures. British International Investment (BII), the UK’s development finance institution, joins as a new investor. Quona Capital and Algebra Ventures, who co-led enza’s seed round in 2025, have both added to their positions.
The round is a vote of confidence from the people who know enza best. Its existing investors have watched the business up close since the seed and chose to invest more capital. BII joins after completing its own investment and ESG due diligence.
One of the biggest decisions a bank can make is the choice of payments infrastructure partner. This decision shapes the propositions the bank can take to market, how it differentiates its services, and which markets it can serve profitably. Switching is costly and regulators scrutinise outsourcing, so the choice has a long tail. Until recently, banks had limited options and were largely tied to legacy providers. Now a new generation of payments infrastructure providers has emerged, built on modern architectures that bring speed, lower operating costs and faster time to market. enza is leading the way on the African continent and now serves bank and fintech clients across 12 countries.
The new capital goes into the areas that clients rely on most. enza will extend into new markets, particularly those where the digitisation of payments is both a major opportunity and a national priority, and secure the additional licences needed to serve more banks and fintechs there. Clients get locally relevant payment infrastructure, delivered in line with each market’s regulatory requirements, on leading technology built for scale. The funding also supports continued investment in expanding the enza product line and the value these services unlock for enza clients.
Hany Fekry, Group Chief Executive Officer at enza
“Since our launch, we have been building the payments infrastructure partner African banks and fintechs have been missing. Our existing investors have seen us deliver, and they have put more capital behind us to accelerate our growth,” said Hany Fekry, Group CEO of enza. “To have leading fintech investors and a development finance institution of BII’s standing back that, after looking hard at what we do, is a powerful endorsement. For our clients, it means a partner with the resources and stability to keep investing in their payment capabilities. It also reaffirms our commitment to the transformation of the continent, one payment at a time.“
Daniel Marlo, Managing Partner at 4DX Ventures
“Payments in Africa have moved well beyond cards and are truly omni-channel today, yet the infrastructure on which banks depend has not kept pace,” said Daniel Marlo, Managing Partner at 4DX Ventures. “enza enables banks to modernise via a single integration to enza’s platform while allowing banks to retain control of their merchants and their data. 4DX led this round because we see that enza addresses a key gap in the ecosystem and the founders have done this before. They helped build one of the continent’s leading payment processors, serving banks across more than 40 African markets, and subsequently led processing and regional operations for one of the region’s largest payments companies following its acquisition of their business. That record has earned them the trust of banks, schemes and regulators across Africa, which is ultimately what determines success in this industry. We believe enza can become the backbone of how money moves across the continent, connecting every bank, merchant and consumer on a single modern network, and we are proud to partner with the team to build it.”
Chirantan Patnaik, Head of Disruptive Ventures at BII
“enza provides banks and financial institutions with the modern payments infrastructure that they need to reduce costs, broaden payment options, and expand access to affordable and reliable financial services across developing markets.” said Chirantan Patnaik, Head of Disruptive Ventures at BII. “Our investment in enza reflects our focus on inclusive finance and supporting SMEs by tackling a major barrier: the high cost and complexity of digital payments infrastructure.”
About enza
Founded by a team of experienced payments executives, enza empowers Africa’s financial institutions with the innovation needed to compete, liberating the world of payments for more inclusive, opportunity-led commerce. Founded in 2023, enza is headquartered in Abu Dhabi, with regional offices in Egypt, South Africa, Ghana, and Nigeria. enza’s innovative payment solutions deliver the flexibility and agility you need to increase competitiveness, capitalise on new markets, and develop new revenue streams. Our expertise gives banks the freedom to expand their capabilities and increase bank profits, with an unmatched speed-to-market that ensures clients have the leading-edge. For more information visit enzagroup.global
About 4DX Ventures
4DX is an early-stage VC that invests in Pre-Seed through Series A. 4DX invests in all technology-enabled sectors in Africa and MENA and their portfolio primarily focuses on fintech, logistics/infrastructure, social commerce, marketplaces, creative industries, healthtech, climate and other foundational industries. For more information visit 4dxventures.com
About British International Investment
British International Investment is the UK’s development finance institution and impact investor. The organisation invests in businesses in developing countries to improve people’s lives and help protect the planet. BII’s work targets the underlying causes of poverty and the climate crisis, helping countries break free from aid dependency for good. Between 2026 and 2031, at least 40 per cent of BII’s total new commitments by value will be in climate finance. BII is also a founding member of the 2X Challenge, which has raised over $33.6 billion to empower women’s economic development. The company has investments in over 1,600 businesses across 66 countries and total net assets of £9.87 billion. For more information, visit: www.bii.co.uk | watch here. Follow British International Investment on LinkedIn, Bluesky and X.
About Quona Capital
Quona is a leading global venture capital firm dedicated to investing in innovative technology companies that drive financial inclusion and economic opportunity in emerging markets. With a focus on Africa, the Middle East, Latin America, India and Southeast Asia, Quona partners with entrepreneurs building solutions for consumers and SMEs. Learn more at quona.com.
About Algebra Ventures
Algebra Ventures is a tech-focused venture capital firm that partners with founders building transformative companies in Egypt and across the African continent. Algebra raised its first US$54 million fund in 2016 and its second US$100 million fund in 2022 from a diverse investor base including international DFIs, governmental institutions, corporate investors and family offices. Find out more at algebraventures.com