Transaction Summary
Renew Capital Ltd. (Renew Capital) made an equity investment of an undisclosed amount in NjiaPay B.V. (NjiaPay), a payment service provider (PSP) based in South Africa. This investment is part of NjiaPay’s pre-seed funding round, with the company previously raising $1 million in January 2025 from HAVAIC Holdings South Africa (Pty) Ltd (HAVAIC), as well as the founders of Anyfin, Banxware, and Maxidrive. NjiaPay provides a unified platform that simplifies payments for businesses to integrate with various PSPs, with features like AI-powered intelligent routing, built-in redundancy, and centralised data management. Currently operational in Nigeria, South Africa, and Kenya, the company intends to use the funding to expand its platform, enhance its intelligent routing capabilities and grow its presence across Africa.
Terms
- Fund Managers: Renew Capital Ltd.
- Target: NjiaPay B.V.
- Financing Type: Equity
- Transaction type: Investment
- Investment Type: Venture Capital
- VC Funding Round: Pre-seed
- Financing Instrument: Ordinary Shares
Transaction Rationale
NjiaPay is well-suited to
