Attijariwafa Ventures backs Tunisian fintech Konnect in multi-investor round
Tunisia-based fintech company Konnect Networks has secured an undisclosed investment round from Attijariwafa Ventures as part of a wider fundraising round that included participation from Utopia Capital Management, 54 Collective, Visa, Plug and Play Tech Center, Renew Capital, Digital Africa Ventures, and Sunny Side Venture Partners.
Konnect, founded in 2021 by Amin Ben Abderrahman, offers seamless payment links, e-commerce plugins, and a robust API designed to cater to businesses of all sizes.
The latest investment round will further support the company's expansion and continued innovation in the fintech space.
In late 2024, Konnect secured a funding round from Renew Capital for an unknown amount.
Press release:
Tunisia-based fintech company Konnect Networks has secured investment from Attijariwafa Ventures as part of a wider fundraising round that included participation from Utopia Capital Management, 54 Collective, Visa, Plug and Play Tech Center, Renew Capital, Digital Africa Ventures, and Sunny Side Venture Partners.
Konnect Networks is emerging as Tunisia's leading payment orchestration platform, offering secure, scalable, and user-friendly payment solutions tailored to both businesses and individuals. Its offerings cover online and point-of-sale payments, including payment aggregation and real-time transaction capabilities, positioning it at the forefront of digital financial services in the country.
The company has achieved several key milestones recently, including being granted the first Payment Facilitator license by the Central Bank of Tunisia. It has recorded over 20% month-over-month growth and reached a 4% share of Tunisia's e-commerce market in just three years.
Led by CEO Amin Ben Abderrahman, Konnect aims to drive financial inclusion and digital transformation across Tunisia and the broader region. The latest investment round will further support the company's expansion and continued innovation in the fintech space.
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