Moment raises $22M Series A

Moment, a pan-African fintech company headquartered in South Africa — Cape Town, has raised $22 million in a Series A funding round to expand its payment infrastructure across Africa. The round was led by AlphaCode Venture Partners, with continued backing from General Catalyst and MultiChoice Group, and new investment from Canal+. This brings Moment's total funding to $55 million. Moment provides payment collection and revenue retention solutions for corporate and enterprise merchants, supporting digital and in-person payments, recurring billing, and failed-payment recovery. The company processes around 600,000 transactions daily for 10 million people monthly across Africa, with an in-person network of over two million locations. The funding will be used to deepen its network, enhance its platform, and accelerate expansion across the continent. The investment reflects growing strategic alignment between Moment and Canal+, which recently acquired MultiChoice Group, and highlights investor confidence in Africa's digital payments market.