The company’s managing director in Saudi Arabia, Mohamed Tarek, recently joined Taager after his previous venture, Egyptian fintech Cassbana, faced difficulties.
Led by European venture capital firms Grazia Equity and BACKED VC, the oversubscribed round signals investor appetite for solutions addressing the continent’s persistent financial inclusion challenges .
To date, ANAVA has committed €45 million across 10 venture capital (VC) funds, including those operating out of Nigeria and Senegal. The fund targets up to 13 funds.
The initiative aims to provide early and growth-stage startups with direct access to funding, mentorship, and networking opportunities within one of the world’s most competitive startup ecosystems.
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The payments platform attracts Standard Chartered and Sony as it pushes into Latin America and Asia-Pacific, even as regulatory friction persists in some of its core markets.
