Browsing: Expansion into Africa

  • Through its app, Zenda allows parents to pay fees directly to schools, all while streamlining collections by enabling schools to accept and manage online payments
  • Parents do not necessarily need to provide bank deposit slips as proof of payment because all transactions on Zenda happen in real-time
  • Zenda’s users have increased 20 fold, with the app reaching over US$100 million in annual contracted payment volumes by the close of last year

UAE- based startup Zenda is now eyeing Africa as its next frontier market for growth. 

The company which is looking to change how parents pay school fees and the way in which educational institutions manage the collection of fees is looking to expand its reach to Africa. 

Formerly known as nexopay, the firm plans to penetrate the African market through Egypt in the coming months as the firm embarks on a growth drive accelerated by a US$9.4 million seed