Renew Capital invested in Konnect, a safe and expandable payment gateway that encourages innovation and financial inclusion, as its first venture in Tunisia. This was announced by Renew Capital on Tuesday.
As a payment gateway approved by the Central Bank of Tunisia, Konnect is a leader in digital payment solutions in North Africa. Their platform is made to accommodate companies of all sizes and provides e-commerce plugins, smooth payment linkages, and a powerful API.
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Konnect’s services
Konnect’s services are designed to improve the online payment experience by guaranteeing speedy, safe, and effective transactions that facilitate e-commerce interactions and assist business expansion.
Konnect is an essential partner for digital commerce in the area, dedicated to enhancing financial accessibility. Digital financial management is made simpler for users by Konnect’s platform.
Konnect is helping businesses optimise their payment systems and removing major obstacles to financial access by providing services specifically designed for the unbanked.
Through important alliances, such as strategic cooperation with VISA, Konnect is spearheading the region’s transition to digital payments and expanding access to safe and effective financial services.
Konnect aims to cater to underserved communities
Amin Ben Abderrahman, founder of Konnect said, “We’ve built Konnect to make digital payments more accessible, secure and user-friendly.”
“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.”
Additionally, Konnect’s technology offers remote onboarding and sophisticated fraud detection. The business is significantly contributing to the modernisation of North Africa’s financial infrastructure by utilising the newest technologies.
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Konnect is setting a new standard for digital payments in North Africa
“Konnect is setting a new standard for digital payments in the region,” said Karim Ben Fadhel, investment ecosystem development manager at Renew Capital.
“Their platform not only simplifies financial transactions but also opens doors for greater financial inclusion. We’re proud to support Amin and his team as they lead the way in expanding access to secure and scalable payment solutions,” he added.
Renew Capital is still dedicated to funding business owners who provide scalable and creative solutions that promote financial inclusion and economic expansion throughout Africa.