“Can ex-Network International operators build a modern, unified issuing-and-acceptance payments infrastructure that becomes the default rails for African banks and fintechs?”
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.
enza processes payments through Enza (self-operated). Disclosed money-movement rails: RTP.
enza's cards are issued through Enza (self-operated).
enza's lending and capital products are provided by Enza (self-operated).
The Embedded Finance Index 2026 maps 4 layers in enza's stack: Payments / PSP (Enza (self-operated)); Money movement (RTP); Card issuing (Enza (self-operated)); Lending (Enza (self-operated) and BNPL (issuing-side product for banks/fintechs)).
enza was founded by Hany Fekry and Hamish Houston and is founded in 2022, headquartered in Dubai, UAE (with office in New Cairo, Egypt).
enza has raised $6.75M (seed) + $20M Series A (upcoming per PitchBook) in total (latest round: Series A (upcoming), $20M).
Get a read on where your own stack stands against enza and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.