Peach Payments Secures $30M Funding Deal to Accelerate Growth in Africa
Peach Payments, a leading South African digital payment service startup, has secured a $30 million funding deal led by Apis Growth Fund II and participation from Enza Capital.
The funding will accelerate the company’s growth in Africa, develop new products, and expand into new markets.
Peach Payments was founded in 2011 and has since grown to become one of the largest digital payment service providers in Africa.
The company offers various payment solutions to businesses of all sizes, including online payments, mobile payments, and point-of-sale payments.
Peach Payments is headquartered in Cape Town, South Africa, and has offices in Kenya, Mauritius, and Nigeria.
The funding deal is a sign of investor confidence in Peach Payments and the African digital payments market.
Africa is one of the fastest-growing digital payments markets in the world, and Peach Payments is well-positioned to capitalize on this growth.
Peach Payments CEO Rahul Jain emphasized the company’s commitment to simplifying the payment landscape for businesses expanding across Africa.
The fintech startup’s unique feature allows businesses to seamlessly transition into new African countries without having to find new payment partners.
With up to 12 different payment methods, including credit cards, debit cards, instant EFTs, various buy-now-pay-later options, and electronic vouchers, Peach Payments offers a comprehensive solution to the fragmentation in payment methods that plagues many African markets.
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