Tunisia's Konnect Secures Funding to Expand Digital Payment Solutions
TLDR
- Konnect, a Tunisian payment gateway startup, has raised funding from Renew Capital to scale its operations.
- The undisclosed investment marks Renew Capital’s first foray into Tunisia.
- Konnect plans to use the funds to expand its digital payment services across North Africa.
Konnect, a Tunisian payment gateway startup, has raised funding from Renew Capital to scale its operations. The undisclosed investment marks Renew Capital’s first foray into Tunisia.
Founded in 2021 and licensed by the Central Bank of Tunisia, Konnect provides seamless payment links, e-commerce plugins, and a robust API for businesses of all sizes, enhancing online transactions' speed, security, and efficiency.
Konnect plans to use the funds to expand its digital payment services across North Africa. The startup’s strategic partnership with Visa positions it as a key player in the region's shift toward digital payments, promoting financial inclusion.
Key Takeaways
Konnect's innovative solutions aim to simplify e-commerce and financial transactions while addressing the needs of underserved communities. Renew Capital's backing underscores confidence in Konnect's potential to lead digital transformation in North Africa, setting new standards for secure and scalable payment systems that drive financial inclusion and economic growth.
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