Visa has announced strategic investments in Tunisian fintech Konnect and Moroccan startup PayTic, reinforcing its commitment to Africa’s rapidly growing fintech ecosystem. This move follows the conclusion of Cohort 3 of the Visa Africa Fintech Accelerator program, which concluded with a demo day at GITEX Africa 2025 in Marrakech.
The investments are part of Visa’s broader USD 1 billion commitment to Africa, aimed at empowering early-stage startups through funding, mentorship, and commercial opportunities. Konnect, based in Tunisia, facilitates instant payments through shareable links via SMS, email, or messaging apps, offering an alternative to traditional payment methods. PayTic, based in Morocco, provides digital payment back-office tools that help financial institutions improve compliance and streamline operations. The company recently raised USD 4.4 million in a funding round led by AfricInvest.
Leila Serhan, Visa’s SVP for North Africa, Levant, and Pakistan, expressed pride in supporting these innovative fintechs, highlighting their role in revolutionizing commerce and finance. The latest investments add to Visa’s growing portfolio of accelerator alumni, including startups such as Ghana’s Oze, Kenya’s Workpay, Nigeria’s OkHi and ORDA, and Morocco’s Chari, which also announced a new commercial partnership with Visa to digitize merchant payments in North Africa.
This year’s accelerator cohort featured 19 startups from 21 countries, with 85% of them led by women, the highest representation since the program’s inception in 2023. Visa has accelerated over 60 African startups to date and will unveil its fourth cohort on June 2, 2025. This continued investment underscores Visa’s belief in Africa’s fintech future as digital payments evolve in a shifting regulatory and consumer landscape.
