African payments infrastructure company Enza has raised $6 million in a Seed+ funding round led by 4DX Ventures, with British International Investment (BII), the UK’s development finance institution, joining as a new investor.
The round also includes participation from existing investors Quona Capital and Algebra Ventures, which co-led Enza’s $6.75 million seed round in 2025 and have increased their investments in the company.
Enza provides payment technology to banks and fintech companies across Africa, connecting them to international card networks, domestic payment systems, mobile wallets and other payment channels through a single platform. Rather than building a consumer-facing payments app, the company focuses on the infrastructure financial institutions use to deliver payment services to their customers.
The company says it now serves clients across 12 African countries, with offices in Egypt, South Africa, Ghana and Nigeria. Its platform connects financial institutions to international networks such as Visa and Mastercard, as well as regional and domestic systems including Verve in Nigeria, AfriGo in South Africa and Meeza in Egypt. It also integrates with domestic payment infrastructure such as Nigeria’s NIBSS.
Why Enza Is Targeting The Infrastructure Behind Payments
For banks and fintechs, connecting to multiple payment networks can involve separate technical integrations, regulatory requirements and ongoing operational costs. Enza’s proposition is to simplify that process by allowing institutions to access several payment channels through one integration.
The model also allows banks to retain control of their merchant relationships and customer data while using Enza’s technology to expand their payment capabilities.
This places the company in a different part of the payments market from consumer-facing and merchant-focused businesses such as Paystack, Flutterwave and Moniepoint. Enza is targeting the financial institutions that provide the services, rather than competing primarily for the merchants and consumers using them.
The company says its infrastructure can help banks modernise legacy payment systems, introduce additional payment options and reduce the cost and complexity of maintaining multiple connections.
That proposition is particularly relevant in African markets where banks and fintechs must support different domestic payment schemes alongside international card networks and mobile money services.
UK Development Finance Joins The Investor Group
BII’s participation gives the funding round a significant UK connection. The institution invests in businesses across developing economies to support sustainable and inclusive economic growth.
Chirantan Patnaik, BII’s Head of Disruptive Ventures, said Enza’s technology could help financial institutions reduce costs, broaden payment options, and extend access to affordable, reliable financial services.
BII’s investment also reflects an interest in the infrastructure that supports financial inclusion, rather than only the consumer-facing businesses that have attracted much of the attention in Africa’s fintech market.
For small and medium-sized businesses, the quality and cost of payment infrastructure can influence how easily they accept digital payments and access financial services through banks and other institutions.
However, lower infrastructure costs for a bank do not automatically translate into lower transaction fees for merchants. Whether businesses ultimately benefit will depend on how financial institutions pass on any operational savings and improvements.
Ghana Expansion Provides A Test Of The Model
Enza’s recent expansion into Ghana shows how the company is taking its infrastructure offering into individual African markets.
In September 2026, the company began commercial operations in Ghana after receiving a Payment Service Provider Enhanced licence from the Bank of Ghana. The licence allows it to operate within the country’s regulated payments ecosystem and work with financial institutions and fintechs.
The Bank of Ghana’s published register of licensed payment service providers includes Enza Payment Services. The company has said its Ghana operations are part of a wider strategy to establish local partnerships and expand its services across the continent.
Its presence in Nigeria also gives the company access to one of Africa’s largest digital payments markets, where domestic infrastructure such as the Nigeria Inter-Bank Settlement System (NIBSS) plays a central role in processing and connecting financial transactions.
Enza’s expansion strategy will require it to secure the necessary regulatory permissions in each market while building relationships with banks and fintechs that are willing to integrate its technology.
What The New Funding Will Support
Enza says the $6 million will support entry into additional African markets, applications for further regulatory licences and continued development of its product offering.
The company has not disclosed a valuation or revenue figure for the latest round. Its operating footprint across 12 countries, however, provides an indication of the geographical reach it is seeking to build.
The investment follows the company’s $6.75 million seed round in 2025, which was co-led by Quona Capital and Algebra Ventures.
With 4DX Ventures leading the latest round and BII joining alongside existing investors, Enza is seeking to build on its relationships with financial institutions and expand the technology supporting digital payments across African markets.
