European fintech startup Zazu has successfully raised $1 million in a pre-seed funding round to fuel its expansion into Morocco and South Africa. The company, which provides a comprehensive banking platform for small and medium-sized enterprises (SMEs), is planning a broader Africa-wide rollout beginning in 2026.
Founded in 2024 by former Solarisbank executives Rinse Jacobs and Germain Bahri, Zazu aims to serve what it calls the “missing middle”—businesses often underserved by traditional financial institutions.
The Pre-Seed Round And Strategic Investors
The funding round attracted a diverse group of notable investors, including Plug and Play Ventures, Launch Africa Ventures, AUTO24.africa, Paymentology, and Fiat Republic.
Moroccan startup Chari also participated in the round, alongside founding members of European unicorns Qonto and Solarisbank, signaling strong confidence in Zazu’s mission and regional strategy. The capital will be used to enhance product development, establish a local presence in its new markets, expand the team, and prepare for further African expansion.
Targeting The SME Banking Gap
Zazu offers an integrated platform designed to streamline financial operations for SMEs. Its services include business accounts, cards, transfers, invoicing tools, accounting solutions, and treasury management. The platform also integrates directly with essential business software for accounting, tax, payroll, and cap-table management.
With over 50 SMEs already using its beta version and more than 1,000 on a waiting list, Zazu is addressing a clear demand for financial services adapted to the unique operational structures of smaller enterprises.
Co-founder Germain Bahri shared his vision on LinkedIn, stating, “I remember arriving in South Africa with the ambition to compete with the big banks and the conviction that the banking sector had to be radically better.” The company aims to provide optimal financial solutions for over 50 million entrepreneurs and SMEs across the continent.
Morocco As A Strategic Gateway
Zazu’s choice of Morocco and South Africa as its initial launchpads is a strategic one. Both countries boast significant SME populations, thriving entrepreneurial ecosystems, and established fintech infrastructure.
Morocco, in particular, serves as a crucial gateway to the North and West African markets. This move highlights the kingdom’s growing reputation as a strategic fintech hub, supported by a progressive regulatory environment and maturing digital banking infrastructure. Zazu’s entry follows similar expansions by other international fintechs, including cross-border payments startup Grey and British neobank Revolut, which is in late-stage discussions with Moroccan banking authorities.
About Zazu
Founded in 2024, Zazu is a European fintech startup building a comprehensive banking platform for small and medium-sized enterprises (SMEs) in Africa. The company provides integrated services including business accounts, cards, transfers, and management tools to address the financial needs of underserved businesses.
Source: Morocco World News
