Visa is strengthening its commitment to innovation in Africa by announcing strategic investments in Moroccan fintech company PayTic and Tunisian startup Konnect. Both companies were part of the third cohort of the Visa Africa Fintech Accelerator, a 12-week program designed to support the growth of African fintechs through mentorship, training, and funding opportunities. Founded in Morocco, PayTic develops solutions that streamline back-office operations and improve risk management in digital payments. «Thanks to Visa's support, we are ideally positioned to push the boundaries of fintech and optimize our clients' operations», said CEO Imad Boumahdi. Visa also invested in Konnect, a Tunisian startup that enables instant payments through links sent via SMS, email, or messaging apps. «We are thrilled with Visa's continued confidence in our vision», said founder Amin Ben Abderrahman. These investments are part of a broader initiative: during GITEX Africa 2025 in Marrakech, Visa concluded the third cohort of its accelerator program, which brought together 19 fintechs from 21 countries. This edition was particularly notable for its strong female representation, with 85% of the startups led by women. Launched in 2023, the Visa Africa Fintech Accelerator supports startups from the Seed stage through Series A and is part of Visa's commitment to invest $1 billion in Africa by 2027. Since its launch, the program has supported more than 60 fintechs. The next cohort will be announced on June 2, 2025.
