Visa has announced investments in two fintechs that took part in the Visa Africa Fintech Accelerator program.
Visa’s investments include Konnect, a Tunisian fintech that enables seamless, accessible, and instant payments by provisioning links that can be shared via SMS, email, messenger, or WhatsApp, and PayTic, a fintech based in Morocco which streamlines back-office operations and enhances risk control across digital payments.
Leila Serhan, Senior Vice President and Group Country Manager for the North Africa, Levant and Pakistan (NALP) region at Visa commented saying, “These innovative fintechs are a beacon of creativity and dedication, revolutionizing commerce and finance. Visa is proud to support their journey, providing essential resources, mentorship, and opportunities to drive digital transformation across Africa.”
“We at Konnect are thrilled with Visa’s continued trust in our vision of driving seamless and instant payments across Africa, empowering businesses and individuals to transact with ease and confidence. As a global leader, Visa reinforces our commitment to shaping the future of payments,” said Amin Ben Abderrahman, CEO of Konnect.
Imad Boumahdi, CEO of PayTic, said, “With Visa’s backing, we are uniquely positioned to push the boundaries of possibility in fintech, helping bolster the compliance of digital payments and streamline operations for our clients. We look forward to leveraging Visa’s deep expertise, knowledge, and resources to drive growth and impact.”
These fintechs join Visa’s recent investments across its first-cohort Accelerator alumni, including:
- Oze (Ghana) which provides embedded finance products to SMEs.
- Workpay (Kenya) which offers a cloud-based payroll platform.
- OkHi (Nigeria) a smart addressing system that facilitates digital address verification.
- ORDA a cloud-based restaurant software company digitizing over 1,500 restaurants across Nigeria, Kenya, and South Africa.
The Visa Africa Fintech Accelerator is a comprehensive three-month program designed to support Seed to Series A startups by offering one-on-one mentorship, training, and exclusive opportunities for funding and partnership, aligning with Visa’s commitment to invest $1 billion in Africa by 2027. Since its launch in 2023, this initiative has accelerated over 60 startups, with the fourth cohort set to be announced on June 2, 2025.
Culminating in Demo Day, where participants had the opportunity to unveil their groundbreaking solutions to an audience of influential ecosystem enablers, the program opens the door to future strategic collaborations and growth avenues through valuable exposure and visibility.