NjiaPay, a payments-as-a-service company based in South Africa that helps African businesses with their payment challenges, has closed an oversubscribed US$1 million pre-seed investment round.
HAVAÍC led the pre-seed investment round, and other well-known angel investors, including the founders of Anyfin, Banxware, and Maxidrive, came along.
NjiaPaystreamlines payment management for African enterprises, tackling both technological and operational difficulties. It was introduced in late 2024 as a spin-off from Talk360, the worldwide calling app for the African diaspora.
Co-founder and CEO of NjiaPay Jonatan Allback said, “We are excited to have secured this funding, which will enable us to scale our team, both in Amsterdam and Cape Town, and further enhance our platform’s capabilities.”
“Our mission is to empower African businesses by simplifying the complexities of payments. By becoming their in-house payments experts, we enable them to focus on growth while we manage the operational and technical intricacies of their payments processing.” Allback added.
HAVAÍC partner Rob Heath expressed his excitement at the organization’s dedication to boosting African businesses.
“We have observed firsthand the challenges faced by our portfolio companies in managing payments across the African continent. The need to integrate with multiple PSPs can significantly impede their product development timelines. Streamlining payment operations is crucial for the growth of the African digital economy, and we believe that NjiaPay is well-positioned to address this critical need,” Heath said.
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