<h1>Press Release: NjiaPay Simplifies Payments for African Merchants with a Single Integration Platform&nbsp;</h1>Renew Capital invests in NjiaPay to enhance payment efficiency and drive business growth across Africa.<a href="https://latest-api.renewcapital.com/uploads/FINAL_Njia_Pay_Press_Release_45835b21a4.pdf">Download the full press release</a>&nbsp;JOHANNESBURG, South Africa, March 25, 2025 – NjiaPay, a payment service provider (PSP), is changing the payment landscape for South African businesses. NjiaPay offers a single integration for merchants, eliminating the need to manage multiple integrations. With features like intelligent routing, built-in redundancy and centralized reconciliation and data management,&nbsp;<a href="https://www.linkedin.com/company/njiapay/">NjiaPay</a> ensures a seamless payment experience and enhanced payment success rates.<figure class="image"><img src="/uploads/Njia_Pay_Team_with_Logo_c46f598dc8.jpg" alt="NjiaPay founders, a payment service provider (PSP), is changing the payment landscape for South African businesses."></figure>NjiaPay’s intelligent routing leverages real-time PSP performance data and AI to select the highest-performing and most affordable payment provider and method for each transaction, driving higher conversion rates and minimizing disruptions. NjiaPay then simplifies month-end reconciliations by consolidating data into a single, comprehensive and actionable report providing a unified source of truth.“Our mission is to empower African businesses to thrive in the digital age by simplifying the complexities of payment processing,” said&nbsp;<a href="https://www.linkedin.com/in/jonatan-allback-8791361b/">Jonatan Allback</a>, co-founder and CEO of NjiaPay. “With NjiaPay, merchants can focus on growing their businesses while we handle the payment complexities.”NjiaPay’s merchant portal provides full control over payment data, offering insightful analytics and streamlining operations through a unified interface. By addressing key challenges in Africa’s payments landscape, NjiaPay enables businesses to optimize their financial performance and operational efficiency.“NjiaPay is tackling a major obstacle for lean teams that do not have or cannot afford dedicated payment teams to navigate payment complexity,” said&nbsp;<a href="https://www.linkedin.com/in/melbourne-nyamadzawo-b68431131/">Melbourne Nyamadzawo</a>, investment analyst at Renew Capital. “By unifying integrations and optimizing payment infrastructure, NjiaPay empowers merchants to navigate the digital economy with confidence. We are proud to support NjiaPay as they scale their platform across the continent.”With Renew Capital’s investment, NjiaPay plans to expand its platform, enhance its intelligent routing capabilities and grow its presence across Africa.About NjiaPayNjiaPay is a payment service provider platform transforming the payment landscape for African businesses. Visit&nbsp;<a href="http://www.njiapay.com">www.njiapay.com</a> for more information.

Renew Capital, an early stage venture capital firm in Africa invests in Njia Pay.

South Africa

NjiaPay_Team with Logo.jpg

Press Release: NjiaPay Simplifies Payments for African Merchants with a Single Integration Platform 

<h1>Press Release: Pumpkn Secures Investment to Transform Funding for African Agribusinesses</h1>Renew Capital makes its first-ever investment in South Africa in an agribusiness loan platform.<a href="https://latest-api.renewcapital.com/uploads/7_2_2024_FINAL_Pumpkn_Press_Release_6b346ca3f2.pdf" target="_blank" rel="noopener noreferrer">Download full press release</a>JOHANNESBURG, South Africa,&nbsp;July 2, 2024&nbsp;—&nbsp;Africa’s agricultural sector plays a significant role in the continent's economy, contributing about 35% to the GDP and supporting the livelihoods of nearly half of Africa's 1.4 billion population. Despite its immense potential, agriculture faces a funding gap hindering its growth. <a href="https://www.linkedin.com/company/pumpkn/">Pumpkn</a>, a South African startup, is actively addressing this challenge by offering and facilitating financial support for agribusinesses.<figure class="image"><img src="/uploads/Zuri_Instagram_1_0bd40616a3.png" alt="A photo of the three co-founders of Pumpkn, a South African startup that provides a digital platform to connect agribusinesses with financing by leveraging data for credit assessments."></figure>Pumpkn leverages data to make credit assessments of agricultural small and medium-sized enterprises (agri-SMEs). On the other hand, Pumpkn helps lenders easily identify bankable businesses and manage their loan portfolio. Pumpkn’s overall objective is to make agribusiness financing commercially viable for lenders and make loans accessible for agribusinesses. These loans help these businesses to obtain the necessary tools, machinery, and equipment to facilitate their growth.“Despite agriculture being the major GDP contributor for many African countries, many agriculture-focused businesses still have a hard time finding the financing they need to grow and thrive. Pumpkn is committed to working closely with agribusinesses to enable their growth, with a direct impact on job creation,” said <a href="https://www.linkedin.com/in/zaheerdindar/">Zaheer Dindar</a>, co-founder &amp; CEO of Pumpkn. "Pumpkn seeks to fill the financing gap for agribusinesses by providing farmers and entrepreneurs with the financial resources they need to thrive."Pumpkn stands out with its aim to provide fast loan approvals, zero paperwork and seamless accessibility. Pumpkn's intuitive platform directly links to agri-SMEs' bank accounts, empowering them to swiftly secure essential financing."We are witnessing an important shift in Africa, with technology playing a major role in boosting sectors including agriculture," said Adam Abate, principal of investment at Renew Capital. "We are thrilled to support Pumpkn on its mission and proud to have them as our first-ever investment in South Africa."*Ecosystem activation, pipeline development and capacity-building support provided to Renew Capital portfolio companies is generously supported by Global Affairs Canada.

Renew Capital makes its first investment in South Africa with Pumpkn, a South African startup enhancing agribusiness financing and leveraging data to bridge the funding gap for agri-SMEs in Africa's agricultural sector.