Visa, a global leader in digital payments, has announced strategic investments and commercial partnerships with Tunisia’s Konnect and Morocco’s PayTic following their participation in the company’s 12-week Africa Fintech Accelerator programme.
Launched in 2023 in line with Visa’s pledge to invest US$1 billion in financial inclusion in Africa by 2027, the Africa Fintech Accelerator has so far accelerated 64 startups across three cohorts, the most recent on which kicked off late last year.
Four startups that took part in the first programme in 2023 recently secured strategic funding from Visa, and the company has now made further investments in Konnect, a fintech based in Tunisia which 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.
“These innovative fintechs are a beacon of creativity and dedication, revolutionising commerce and finance. Visa is proud to support their journey, providing essential resources, mentorship, and opportunities to drive digital transformation across Africa,” said Leila Serhan, senior vice president and group country manager for the North Africa, Levant and Pakistan (NALP) region at Visa.
