MultiChoice-owned fintech gets R363 million cash injection

• Moment, a MultiChoice-owned fintech company, has received a R363 million cash injection as part of its Series A funding round.
• The funding round was led by AlphaCode Venture Partners and included continued investment from General Catalyst and MultiChoice, as well as fresh investment from Canal+, MultiChoice's new owner.
• Moment plans to use the additional funding to deepen its network, enhance its platform, and accelerate expansion across Africa, aiming to solve the continent's payment complexity and provide a unified payment system.