Three-year-old African fintech raises $22M to accelerate continental payments platformMoment, a pan-African fintech, today announced the close of its $22 million (around R364 million) Series A funding round, led by AlphaCode Venture Partners, with continued investment from General Catalyst, MultiChoice, and fresh investment from Canal+. The company will use the additional funding from this Series A round to deepen its network, enhance its platform and accelerate expansion across Africa. In South Africa, over two-thirds of payments are still made in person at retail locations despite high bank penetration. We support the full spectrum of locally preferred digital payment methods as well as an in-person acceptance network spanning over two million physical locations. Our platform is highly resilient, and we process 600,000 transactions a day despite power and connectivity problems that plague the market.