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Ex-Network International execs raise $6.75M for Enza, an African fintech serving banks
Enza raises $6 million in seed to build infrastructure for banks and fintechs, offering a range of local payment solutions.
For years, banks have ceded infrastructure and particularly SME market share to players like Flutterwave, Fawry, Paymob, and Moniepoint, now Nigeria’s largest merchant acquirer. For instance, Fekry previously served as chief commercial officer at Emerging Markets Payments (EMP), which was acquired by Network International, where he later became a managing director. While the company only began operations last year, the Dubai-based fintech has already secured over 10 million monthly contracted transactions through live bank partnerships across six African markets, Rwanda, Nigeria, Ghana, Egypt, Uganda, and South Africa.
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