Cape Town Fintech NjiaPay Secures R35 Million to Expand Across Africa
Cape Town Fintech NjiaPay Secures R35 Million to Expand Across AAfrica. NjiaPay, a Cape Town-based fintech company, has raised $2.1 million (R35 million) in seed funding to accelerate the expansion of its payment orchestration platform across African markets. The funding round was led by European investor Newion Partners, marking a significant milestone for the growing startup.
NjiaPay provides software that enables businesses to manage multiple payment service providers through a single integration. This approach helps merchants reduce operational complexity, improve transaction approval rates, and streamline reporting and reconciliation.
The company announced that the new capital will be used to grow its engineering and commercial teams, expand integrations with payment providers, and support its broader growth strategy across Africa. NjiaPay’s platform sits on top of a merchant’s existing payment infrastructure, routing transactions between providers in real time while consolidating performance data into a single reporting interface.
The solution is particularly relevant for subscription-based businesses, where failed payments can result in lost revenue. NjiaPay plans to introduce new tools such as card account updater technology, which automatically refreshes saved card details when cards expire or are replaced.
NjiaPay’s client base already includes companies such as Talk360, Anytime Fitness, and Melon Mobile. Talk360 reported that by adopting NjiaPay, it reduced multiple integrations to a single streamlined system while improving checkout conversion rates across several markets.
Investors highlighted that NjiaPay is addressing a growing challenge for merchants operating in Africa’s fragmented payment environment, where reliance on multiple providers is often necessary to support local payment methods and ensure redundancy.
With this funding, NjiaPay aims to strengthen its position as a leading payment orchestration platform in Africa, offering businesses greater efficiency, resilience, and insight into their payment operations.
