Pan-African venture firm reaches $21mn first close on Enza Capital III LP, betting that AI can narrow a funding gap that has left African AI rounds with a median size of just $1.9mn
Cape Town-based start-up, founded by former Ovex executives, secures funding and a $10m liquidity float as it targets B2B corridors across a continent moving away from correspondent banking. But its early growth has coincided with litigation over restraint of trade.
Pan-African venture firm reaches $21mn first close on Enza Capital III LP, betting that AI can narrow a funding gap that has left African AI rounds with a median size of just $1.9mn
Cape Town-based start-up, founded by former Ovex executives, secures funding and a $10m liquidity float as it targets B2B corridors across a continent moving away from correspondent banking. But its early growth has coincided with litigation over restraint of trade.
