--- title: Canal+ backs MultiChoice payments spin-out | daily.dev description: Moment, a pan-African payments company spun out of MultiChoice's fintech ambitions, has closed a $22-million Series A round led by AlphaCode Venture Partners,... canonical: https://daily.dev/posts/canal-backs-multichoice-payments-spin-out-vtzjcz54b twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Canal+ backs MultiChoice payments spin-out | daily.dev og:description: Moment, a pan-African payments company spun out of MultiChoice's fintech ambitions, has closed a $22-million Series A round led by AlphaCode Venture Partners,... og:url: https://daily.dev/posts/canal-backs-multichoice-payments-spin-out-vtzjcz54b og:image: https://api.daily.dev/og/posts/VtzjCZ54b.png og:image:alt: Canal+ backs MultiChoice payments spin-out og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Canal+ backs MultiChoice payments spin-out **[TechCentral](https://daily.dev/sources/techcentral)** · 4 min read · 0 upvotes · 0 comments ## Summary Moment, a pan-African payments company spun out of MultiChoice's fintech ambitions, has closed a $22-million Series A round led by AlphaCode Venture Partners, bringing total funding to $55 million. Canal+, which now fully owns MultiChoice, joined as a new investor alongside returning backers General Catalyst and MultiChoice. The Cape Town-based company processes 600,000 transactions daily across 10 million users monthly, spanning over two million physical locations. Moment targets enterprise billers and merchants across Africa, addressing the continent's fragmented payment landscape — mobile money, cash, cards, and instant bank transfers — which it describes as a 'hidden tax on commerce'. Third-party enterprise clients are now diluting Moment's early near-total reliance on MultiChoice volumes. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Canal\+ eyes billions of rand in cost savings from MultiChoice deal](https://daily.dev/posts/canal-eyes-billions-of-rand-in-cost-savings-from-multichoice-deal-z4zwfaygg) · TechCentral · 0 upvotes · 0 comments - [Showmax ‘can’t continue’ in its current form](https://daily.dev/posts/showmax-can-t-continue-in-its-current-form-jy3lkobjg) · TechCentral · 0 upvotes · 0 comments - [DStv’s new owner to reveal its game plan](https://daily.dev/posts/dstv-s-new-owner-to-reveal-its-game-plan-2o06ev1dk) · TechCentral · 0 upvotes · 0 comments - [MultiChoice pulls the plug on Showmax](https://daily.dev/posts/multichoice-pulls-the-plug-on-showmax-ymzc4y6qp) · TechCentral · 0 upvotes · 0 comments - [Meet the French telecoms engineer now leading MultiChoice](https://daily.dev/posts/meet-the-french-telecoms-engineer-now-leading-multichoice-l8s6y1ryi) · TechCentral · 0 upvotes · 0 comments --- Tags: [#venture-capital](https://daily.dev/tags/venture-capital), [#fintech](https://daily.dev/tags/fintech) [View this post on daily.dev](https://daily.dev/posts/canal-backs-multichoice-payments-spin-out-vtzjcz54b) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Canal+ backs MultiChoice payments spin-out","url":"https://daily.dev/posts/canal-backs-multichoice-payments-spin-out-vtzjcz54b","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/canal-backs-multichoice-payments-spin-out-vtzjcz54b"},"datePublished":"2026-08-04T10:44:09.217Z","dateModified":"2026-08-04T10:44:31.436Z","description":"Moment, a pan-African payments company spun out of MultiChoice's fintech ambitions, has closed a $22-million Series A round led by AlphaCode Venture Partners,...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/0aecada7d97071997f041aa89a0cb07e?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/0aecada7d97071997f041aa89a0cb07e?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"TechCentral","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"TechCentral","logo":"https://media.daily.dev/image/upload/s--RsqLDZrL--/f_auto/v1717745297/logos/techcentral","url":"https://daily.dev/sources/techcentral"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/canal-backs-multichoice-payments-spin-out-vtzjcz54b","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"venture-capital,fintech","timeRequired":"PT4M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"TechCentral","item":"https://daily.dev/sources/techcentral"},{"@type":"ListItem","position":3,"name":"Canal+ backs MultiChoice payments spin-out"}]} ```