Tunis-based fintech startup Konnect Networks has secured funding from Attijariwafa Ventures as part of a broader investment round featuring Utopia Capital Management, 54 Collective, Visa, Plug and Play Tech Center, Renew Capital, Digital Africa Ventures, and Sunny Side Venture Partners. This strategic backing will fuel Konnect’s expansion and solidify its role as Tunisia’s leading payment orchestration platform. The investment reflects growing confidence in North African fintech and Konnect’s growth potential.
Innovating Tunisia’s Digital Payment Ecosystem
Konnect Networks offers secure, scalable payment solutions for online and in-person transactions, tailored to businesses and individuals. The company simplifies payment aggregation and enables real-time transactions, addressing a rising demand for seamless financial services. Its innovative platform is reshaping how digital payments are processed across Tunisia.
Rapid Growth and Regulatory Firsts
In a key milestone, Konnect became the first company to receive a Payment Facilitator license from the Central Bank of Tunisia. Since its launch, the startup has reached 4% market share in Tunisian e-commerce and is growing over 20% month-over-month. These achievements underscore its rapid adoption and operational success.
Led by CEO Amin Ben Abderrahman, Konnect aims to drive financial inclusion and digital transformation in Tunisia and the wider region. The new funding will support its efforts to reach underserved communities and expand its fintech solutions beyond national borders. With strong investor support, Konnect is poised to become a major player in the African digital finance space.