Visa has announced investments and new partnerships with two African fintech firms following their participation in the Visa Africa Fintech Accelerator programme, a 12 week initiative aimed at helping startups expand through mentorship, training, and industry connections.
The companies receiving investment are Konnect, a Tunisia based fintech that facilitates instant payments through shareable links via SMS, email, and messaging platforms, and PayTic, a Moroccan fintech that supports back office operations and strengthens risk control in digital payments.
Leila Serhan, Senior Vice President and Group Country Manager for North Africa, Levant, and Pakistan at Visa, said:
“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.”
Alongside Konnect and PayTic, Visa has also backed other startups from earlier Accelerator cohorts, including Oze from Ghana, which offers embedded finance products for small and medium enterprises, Workpay from Kenya, a cloud based payroll platform, OkHi from Nigeria, which focuses on digital address verification, and ORDA, a cloud based restaurant software provider operating in Nigeria, Kenya, and South Africa.
Visa has also announced a partnership with Chari, a Morocco based business to business platform with embedded fintech solutions for small retailers.
The collaboration aims to improve digital payment adoption among small and medium enterprises in Morocco and North Africa.
The announcements were made during GITEX Africa 2025 in Marrakech, where Visa participated as the event’s Financial Innovation Partner.
As part of the conference, 19 fintech startups from 21 African countries, including firms led by women who made up 85 percent of the third cohort’s leadership, presented their solutions to investors and industry stakeholders.
The Visa Africa Fintech Accelerator programme, launched in 2023, is designed for early stage startups from Seed to Series A, and offers mentorship, training, and funding opportunities.
Visa has committed to investing one billion US dollars in Africa by 2027, with more than 60 startups having joined the programme to date. The fourth cohort will be announced on 2 June 2025.
Featured image credit: Visa
