Tunisia: Konnect offers financial services through its web and mobile platforms

By : Adoni Conrad Quenum

Date : lundi, 20 novembre 2023 13:30

Last updated : lundi, 20 novembre 2023 13:49

Africa has one of the largest underbanked populations in the world. To capitalize on the business opportunities offered by such potential markets and help populations access the services they need, financial services for those populations, startups (both local and international) are introducing increasingly disruptive solutions. 

Konnect, a fintech solution created by a Tunisian startup, empowers users to seamlessly send and receive money, make online purchases, settle transactions with merchants or delivery drivers using QR codes, purchase airtime, and collect payment by generating payment links. Founded in 2021 by Amin Ben Abderrahman and headquartered in the city of Tunis, the startup has garnered approximately 500,000 Tunisian dinars (equivalent to around $160,540) in funding since its inception. These funds have been instrumental in advancing its technology and accelerating its growth.  

The solution features a mobile application accessible on iOS and Android. Whether they are accessing the solution through its mobile or web platform, users are required to create an account as individuals, businesses, or startups. They will therefore be able to monitor real-time incoming payments, track income progression, receive transaction notifications, and access a secure private administration interface. 

Konnect integrates Visa and Mastercard payment solutions as well as In Flouci, a solution developed by local fintech startup Kaoun. It charges 1.6% on deal value as transaction fees.  In November 2023, it was selected with 22 other African startups for the Visa Africa Accelerator Program.

According to Amin Ben Abderrahman Konnect’s selection for the Visa Africa Accelerator program is a testament to the startup’s unwavering commitment to innovating and transforming the fintech sector in Tunisia.  The Android version of the startup has already been downloaded more than a thousand times, according to Play Store data. 

Adoni Conrad Quenum


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