Tunisian fintech startup Konnect is making waves in North Africa’s digital payment space after securing funding from Renew Capital, an Africa-focused impact investment firm. This marks Renew Capital’s first investment in Tunisia and promises to propel Konnect’s expansion efforts.
Established in 2021, Konnect has quickly become a trusted name in digital payments. Licensed by the Central Bank of Tunisia, it provides businesses with tools like seamless payment links, e-commerce plugins, and a powerful API. These solutions are built to simplify online transactions while supporting business growth across various sectors.
Konnect’s partnership with global payment giant Visa is also playing an important role in its mission to advance secure and efficient financial services in the region. With its latest funding, the startup plans to scale its operations and continue driving North Africa’s transition to digital payments.
Amin Ben Abderrahman, the founder of Konnect, emphasised the startup’s commitment to making digital payments more accessible and secure. “We’ve built Konnect to make digital payments more accessible, secure, and user-friendly,” he said. “Our platform supports both individuals and businesses, allowing them to manage their payments with ease. We’re excited to continue expanding across North Africa and providing innovative financial services that cater to the needs of underserved communities.”
Renew Capital shares this vision, recognising Konnect’s potential to revolutionise the regional payment landscape. “Their platform not only simplifies financial transactions but also opens doors for greater financial inclusion,” said Karim Ben Fadhel, Renew Capital’s investment ecosystem development manager. “We’re proud to support Amin and his team as they lead the way in expanding access to secure and scalable payment solutions.”
The Road Ahead
Konnect’s rise indicates a growing shift towards digital payment systems in North Africa. With Renew Capital’s backing, the startup hopes to address gaps in financial accessibility while improving the overall user experience for businesses and individuals alike. This partnership shows how transformative fintech can be in promoting economic growth and inclusion in underserved communities.
