South Africa’s NjiaPay, a payments-as-a-service provider solving the complexities of payments for African businesses, has closed an oversubscribed US$1 million pre-seed funding round.
Launched in late 2024 as a spin-off from Talk360, the international calling app for the African diaspora, NjiaPay streamlines payment management for African businesses, addressing both technical and operational challenges.
Its US$1 million pre-seed funding round was led by HAVAÍC, with participation from a number of prominent angel investors, including founders of Anyfin, Banxware, and Maxidrive.
“We are thrilled to have secured this funding, which will enable us to scale our team, both in Amsterdam and Cape Town, and further enhance our platform’s capabilities,” said Jonatan Allback, co-founder and CEO of NjiaPay.
“Our mission is to empower African businesses by simplifying the complexities of payments. By becoming their in-house payments experts, we enable them to focus on growth while we manage the operational and technical intricacies of their payments processing.”
Rob Heath, partner at HAVAÍC, said he was excited about the company’s commitment to empowering African businesses.
“We have observed firsthand the challenges faced by our portfolio companies in managing payments across the African continent. The need to integrate with multiple PSPs can significantly impede their product development timelines. Streamlining payment operations is crucial for the growth of the African digital economy, and we believe that NjiaPay is well-positioned to address this critical need,” he said.
