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Presight has launched an AI Startup Accelerator in the UAE, offering up to $200,000 in support to AI-driven startups, with applications open until April 10, 2025. The six-month program provides market access, mentorship, and financial resources to help startups scale their innovations across 15 countries.Meanwhile, UAE-based fintech enza has raised $6.75 million to enhance Africa's digital payments landscape, focusing on financial inclusion through its cloud-native technology. Additionally, Yango Group has introduced a $20 million venture fund, Yango Ventures, aimed at empowering early-stage startups in emerging markets, including MENA, by providing capital and strategic support.
Egyptian payment solutions startup enza has secured $6.75 million in seed funding to enhance financial inclusion across Africa. Co-led by Algebra Ventures and Quona Capital, the investment will help enza expand its payment solutions for banks and fintechs, fostering deeper partnerships and addressing local needs.CEO Hany Fekry expressed enthusiasm for the partnership, highlighting the potential to transform financial services through digitized payments. The funding marks a significant step in enza's mission to empower businesses and drive growth in the continent's payments ecosystem.
UAE-based fintech enza has raised $6.75 million in seed funding to enhance Africa's digital payments landscape, focusing on financial inclusion through its cloud-native technology. With operations in Egypt, Nigeria, and South Africa, enza aims to expand its reach and innovate payment solutions for local markets.Meanwhile, Yango Group has launched a $20 million venture fund, Yango Ventures, to support early-stage startups in emerging markets, including MENA and Africa. The fund seeks to empower entrepreneurs with resources and mentorship to drive community transformation and economic growth.
enza has secured a USD 6.75 million seed investment led by Algebra Ventures and Quona Capital to enhance financial inclusion in Africa. The funding will improve payment infrastructure, reduce transaction costs, and empower underserved SMEs and underbanked populations with accessible payment solutions. With this investment, enza aims to strengthen its market presence, foster partnerships, and address the needs of Africa's digitally connected populations, ultimately transforming the continent's payments ecosystem.
UAE-based enza has secured $6.75 million in a seed round co-led by Algebra Ventures and Quona Capital, marking its first external funding. The investment will enhance enza's payment solutions for banks and fintechs across Africa, aiming to drive financial inclusion and support underserved SMEs. With a strong leadership team and innovative services, enza is poised to transform the continent's payments ecosystem.
Tarek Assaad
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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21:42 25.03.2025
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enza secures 6.75 million dollars to enhance financial inclusion in Africa
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enza secures 6.75 million seed funding to enhance African payment solutions
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