enza
“Can ex-Network International operators build a modern, unified issuing-and-acceptance payments infrastructure that becomes the default rails for African banks and fintechs?”
Founded2022
HQDubai, UAE (with office in New Cairo, Egypt)
FoundersHany Fekry, Hamish Houston
Total raised$6.75M (seed) + $20M Series A (upcoming per PitchBook)
Latest roundSeries A (upcoming), $20M
IndustryInfrastructure / Payments
The story
Enza was founded in 2022 by former Network International executives who spent a decade building the dominant MEA payment processor and saw an infrastructure gap in Africa. The company operates a unified embedded payments platform serving both the issuing side (cards, wallets, BNPL for banks/fintechs) and the acceptance side (digital payments for SMEs). Live in Egypt, Nigeria, and South Africa, with domestic schemes, real-time payments, mobile money, and international network support — it is positioned as picking-up-speed challenger to slower incumbents.
Product timeline
2022
Enza founded by ex-Network International executives Hany Fekry and Hamish Houston to build payments infrastructure for African banks and fintechs· pivot
2025
Raised $6.75M seed co-led by Algebra Ventures and Quona Capital to expand across Africa· banking
The stack
4 layers disclosed in enza’s embedded-finance stack
Payments / PSP
Enza (self-operated)
Money movement
in the full report
Card issuing
in the full report
Lending
in the full report
Accounting gap: minor
4 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.