Canal+ and General Catalyst Back Pan-African Payments Startup Moment in $22M Series A
MultiChoice-backed payments startup Moment has closed a $22 million Series A led by General Catalyst and Canal+, with the company reporting 600,000 daily transactions across its pan-African payments platform. Canal+ is separately funding the spin-out of MultiChoice's payments arm, confirming a deliberate media-to-fintech convergence strategy.
Moment's Round: Canal+ didn't invest in a fintech — it bought a payments layer for its own business
Canal+ completed its acquisition of MultiChoice — Africa's dominant pay-TV group — in 2025. Now it's backing the payments startup that MultiChoice built to collect its own subscriber fees.
That's not a bet on African fintech in the abstract. It's Canal+ securing control of the billing infrastructure its core business already runs on, then betting it can sell that same infrastructure to everyone else.
When your anchor customer is also your investor and your parent company's former owner, the 600,000 daily transactions figure is genuinely hard to read. The CEO didn't say how much of that volume is still MultiChoice traffic.
The real question is whether Moment can win enterprise clients who have no Canal+ connection. That's the raise worth celebrating — if it's actually happening.
4 sources
- Canal+ and General Catalyst Back African Payments Startup Moment in $22M Series A · launchbaseafrica.com · T1
- MultiChoice-backed fintech Moment raises $22 million Series A · thecondia.com · T2
- Canal+ backs MultiChoice payments spin-out · techcentral.co.za · T2
- MultiChoice-backed Moment raises $22 million to fix Africa’s fragmented payments problem · technext24.com · T2