Pan-African Payments Startup Closes $55M Total Raise With General Catalyst and Canal+ Backing
Pan-African payments platform Moment has closed a $22 million funding round, bringing its total raise to $55 million with backers including General Catalyst and Canal+. The company, backed by MultiChoice, has reported 600,000 daily transactions across its continental platform.
Moment's $55M: the Sanlam name changes everything
Canal+ investing in its own billing layer was always a related-party story. But Sanlam — Africa's largest insurer, with no Canal+ connection — is publicly calling out a roadmap it's building with Moment.
That's an arms-length enterprise client choosing Moment on merit. It's the first concrete signal that Moment can win outside the MultiChoice orbit.
One reference doesn't close the question of how much daily volume is still Canal+ traffic. But it does mean the case for Moment as a genuine pan-African payments layer is no longer purely theoretical.
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- Three-year-old African fintech raises $22M to accelerate continental payments platform · itnewsafrica.com · T2