Visa has deepened its commitment to Africa’s fintech ecosystem with new investments in two emerging digital payment startups — Konnect from Tunisia and PayTic from Morocco — following their successful completion of the Visa Africa Fintech Accelerator program.
Both companies participated in a rigorous 12-week program designed to help early-stage fintechs scale through mentorship, industry networking, and access to investment. Now, they are the latest beneficiaries of Visa’s broader effort to foster innovation in digital finance across the continent.
Konnect, a Tunis-based startup, is focused on simplifying digital transactions by enabling users to send payment links via SMS, email, and messaging platforms like WhatsApp. PayTic, on the other hand, aims to automate back-office operations for financial institutions, with a strong focus on risk management and compliance.
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“Visa’s continued support is a powerful validation of our vision to enable instant, secure, and accessible payments,” said Amin Ben Abderrahman, CEO of Konnect. “This partnership allows us to accelerate our mission of transforming how Africans send and receive money.”
Imad Boumahdi, CEO of PayTic, emphasized the strategic value of the collaboration. “With Visa’s experience and global reach, we can deepen our impact by enhancing operational efficiency and trust in digital payments.”
These investments add to Visa’s growing list of partnerships in Africa’s fintech space. Previous accelerator alumni include Ghana’s Oze, Kenya’s Workpay, and Nigeria’s OkHi and ORDA, all of which have since scaled operations and secured further funding.
Visa has also entered a commercial partnership with Chari, a Moroccan B2B platform that supports informal retail shops with embedded fintech tools. The collaboration is aimed at helping small businesses digitize their operations, particularly around payments and acceptance, in Morocco and the broader North African region.
This announcement coincided with Visa’s participation at GITEX Africa 2025, held in Marrakech. As Financial Innovation Partner, Visa showcased 19 standout startups from the accelerator’s third cohort. These innovators span 21 African countries, with the program highlighting increased female leadership — 85% of this year’s participants are women-led businesses.
Launched in 2023, the Visa Africa Fintech Accelerator is part of the company’s larger pledge to invest $1 billion in Africa by 2027. The next cohort is expected to be unveiled on June 2, 2025, as Visa continues to bet on Africa’s rapidly evolving fintech landscape.
