Tunisian Fintech Konnect Attracts Major Regional and Global Investors
Konnect Networks, a rising fintech startup from Tunisia, just scored a major win in its journey to transform digital payments. The company has closed an undisclosed multi-investor funding round, with Attijariwafa Ventures leading the charge.
Other big-name backers include:
- ✅ Utopia Capital Management
- ✅ 54 Collective
- ✅ Visa
- ✅ Plug and Play Tech Center
- ✅ Renew Capital
- ✅ Digital Africa Ventures
- ✅ Sunny Side Venture Partners
This round comes on the heels of a previous 2024 investment from Renew Capital, reinforcing growing investor confidence in Konnect’s long-term vision and market potential.
What is Konnect All About?
Launched in 2021 by fintech entrepreneur Amin Ben Abderrahman, Konnect Networks is quickly becoming Tunisia’s go-to payment orchestration platform.
Here’s what they offer:
- Seamless Payment Links – making transactions quick and easy
- E-commerce Plugins – enabling merchants to accept online payments hassle-free
- Powerful API Integrations – designed to serve businesses of all sizes
Whether you’re a small online shop or a growing enterprise, Konnect’s solutions are built to simplify the way money moves. Their platform supports both online and point-of-sale (POS) payments, including payment aggregation and real-time transactions.
Rapid Growth and National Recognition
Konnect has been on a fast track to fintech success. Here are a few of their recent milestones:
- ✅ First-ever Payment Facilitator license from the Central Bank of Tunisia
- ✅ 20% month-over-month growth
- ✅ Captured 4% of Tunisia’s e-commerce market in just three years
These numbers aren’t just impressive—they’re proof that Konnect is solving real problems in the local digital finance space.
Scaling Up and Going Beyond Borders
With the fresh capital, Konnect plans to:
- ✔️ Scale operations across Tunisia and the broader MENA region
- ✔️ Boost product innovation and introduce new features
- ✔️ Drive financial inclusion through easy-to-use tech
- ✔️ Invest in talent and tech infrastructure
CEO Amin Ben Abderrahman commented on the round:
“This funding is a big step toward our mission to digitally transform payments across North Africa. We’re proud to be building a platform that not only supports businesses but also contributes to the financial empowerment of individuals.”
Why This Matters
Konnect’s rise reflects a broader shift happening across Africa and the MENA region: tech-powered financial inclusion is becoming a reality. With strategic backing from banks, VCs, and even global names like Visa, startups like Konnect are bridging the gap between traditional finance and digital innovation.
The momentum also signals a strong investor appetite for scalable, impact-driven fintech solutions in emerging markets.