Strategic Expansion in Payments Infrastructure
Abu Dhabi-headquartered enza has announced the successful raising of $6 million in a Seed+ funding round, led by 4DX Ventures, with participation from British International Investment (BII). The round also saw participation from existing investors Quona Capital and Algebra Ventures, who previously led the company's seed round in March 2025.
Founded in 2023 by Hany Fikry and Hamish Houston, the company aims through this funding to strengthen its presence in new African markets, secure the necessary regulatory licenses, and accelerate the development of its technical product portfolio dedicated to banks and fintech companies.
What This Development Means for the Financial Sector
Payments infrastructure is the cornerstone of banks' digital transformation. Amid the challenges financial institutions face when relying on legacy systems, enza provides a unified platform that allows banks and fintechs to modernize their systems while retaining full control over customer data and business relationships. The company's technology currently supports payment acceptance, transaction processing, and fraud detection across 12 African countries.
From the investors' perspective, this investment represents a bet on the company's ability to bridge the gap in the African market. Daniel Marlo, Managing Partner at 4DX Ventures, noted that existing infrastructure no longer keeps pace with omni-channel payment requirements, and that enza offers a technical solution connecting banks, merchants, and consumers through a modern, scalable network.
Upcoming Expansion Goals
In the next phase, the company is focusing on markets where the digitization of payments is a national priority. The company affirms that the new funding will provide the necessary resources to ensure operational stability and develop new payment capabilities that comply with local regulatory requirements in every market it enters, contributing to lower operating costs and expanded access to digital financial services.