Cape Town’s fintech ecosystem continues to attract major investment as payments startup Moment secures $22 million in new funding, highlighting growing confidence in Africa’s digital payments infrastructure. The deal also brings Canal+ into the company’s shareholder base, creating a significant strategic connection between financial technology and one of Africa’s largest media ecosystems.
Moment was established as a pan-African payments business with ambitions to make it easier for companies to collect, send and manage money across multiple African markets. Its platform is designed to address one of the continent’s biggest financial challenges: fragmented payment systems that vary significantly from country to country.
The company’s growth has been closely connected to MultiChoice, which helped establish Moment alongside payments infrastructure company Rapyd and venture investor General Catalyst. Moment initially became an important part of MultiChoice’s digital strategy, processing payments for services such as DStv and supporting the relaunch of Showmax.
The $22 million financing is particularly notable because it demonstrates the commercial potential of building payment infrastructure around large consumer platforms. Moment had already processed substantial payment volumes through MultiChoice’s ecosystem, while expanding its capabilities beyond a single corporate customer. MultiChoice reported that Moment’s payment volumes surpassed $240 million in the first half of 2024 and that its platform was live across more than 40 African countries.
Canal+’s involvement adds another strategic dimension. The French media group completed its acquisition of MultiChoice in 2025, creating a larger entertainment business with a significant African footprint. Canal+ has increasingly positioned Africa as an important growth market, making payment infrastructure an increasingly relevant component of its broader digital ecosystem.
For Moment, the investment could provide additional resources to expand its technology, strengthen its presence across African markets and build products for businesses beyond the traditional media sector. Its long-term opportunity lies in serving companies that need reliable ways to collect payments from customers across borders and payment methods.
Africa’s payment landscape remains highly fragmented, with consumers using bank accounts, mobile wallets, cards, cash and increasingly real-time payment systems. Moment’s proposition is to simplify that complexity for businesses by providing infrastructure that can connect different payment rails through a single platform.
The latest funding also reflects a broader trend in African fintech. Investors are increasingly looking beyond consumer-facing apps toward the infrastructure that enables digital financial services to function at scale. Companies capable of solving payment, identity, compliance and settlement challenges can potentially become critical infrastructure for the continent’s growing digital economy.
Moment’s $22 million raise therefore represents more than another fintech funding round. It signals growing interest in the infrastructure underneath Africa’s digital economy—and Canal+’s participation suggests that payments may become an increasingly important part of how major African consumer businesses operate and grow.
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