Enza is a Dubai-based fintech founded in 2022 by ex-Network International executives Hany Fekry and Hamish Houston that builds payments infrastructure for banks and fintechs across Africa. Its platform serves both issuing and acceptance, supporting cards, wallets, real-time payments, mobile money, QR, BNPL, and contactless options and integrating with local schemes (Verve, AfriGo, Meeza), global networks (Visa, Mastercard), and rails (NIBSS, PayShap, InstaPay). The startup is initially targeting Egypt, Nigeria, and South Africa and has live bank partnerships across six African markets (Rwanda, Nigeria, Ghana, Egypt, Uganda, and South Africa). Enza charges banks on a per-transaction (“per-click”) basis and has secured over 10 million monthly contracted transactions, with volumes growing 35–40% month-over-month and expected to double in two years. The company launched in January 2023, is targeting 30–40 high-quality bank relationships, and plans to use new capital to expand the team and roll out new products for its banking clients. Enza leverages the founders’ decades of payments experience at Network International and DPO Group to secure contracts and rapidly scale adoption.

Total raised

$6M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2025