NjiaPay Secures $1 Million to Enhance Digital Payments in Africa

Jonatan Allback, NjiaPay Co-Founder & CEO

NjiaPay, a payments-as-a-service provider for African businesses, has raised over $1 million in an oversubscribed pre-seed round led by HAVAÍC, with support from angel investors, including the founders of Anyfin, Banxware, and Maxidrive.

A spin-off from Talk360, NjiaPay launched in late 2024 to simplify payment management across Africa. Businesses often struggle with integrating multiple payment service providers (PSPs), leading to inefficiencies and higher costs. NjiaPay solves this by offering a unified checkout experience and a centralized merchant portal through a single integration.

Its platform features intelligent payment routing, built-in redundancy, and fraud protection, helping businesses improve transaction efficiency and security. Rob Heath, partner at HAVAÍC, emphasized the growing need for such solutions, stating that integrating multiple PSPs often slows product development in Africa’s digital economy.

CEO Jonatan Allback highlighted that the funding will support team expansion in Amsterdam and Cape Town while enhancing the platform’s capabilities. Meanwhile, CPTO Roderick Simons noted that NjiaPay leverages AI and cloud technology to optimize transactions and reduce costs.

Currently active in Nigeria, Kenya, and South Africa, NjiaPay plans to expand its services and partnerships in 2025, strengthening its impact on the African payments ecosystem.

Source: Innovation Village