First MENA fintech Pay-Now, Pay-Later school fees app zenda raises $9.4m

First MENA fintech Pay-Now, Pay-Later school fees app zenda raises $9.4m

Leading regional and global investors participate in the oversubscribed funding round as zenda scales. Over $100m in payments managed as users grow 20x in less than a year.

Dubai, UAE --News Direct-- zenda

zenda, MENA’s first fintech app for families has announced it has secured a $9.4m oversubscribed seed round. Leading regional and global investors (STV, COTU, Global Founders Capital, and VentureSouq) participate in the oversubscribed round. zenda currently addresses pain points around the payment of school fees - in particular, the lack of convenience and flexibility in payment options for parents and the poor collection of payments for schools.