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South African fintech startup Peach Payments has closed a $31 million Series A funding round for expansion.
Peach Payments is a cutting-edge payment platform that allows businesses of all sizes to process payments quickly, securely, and efficiently. By leveraging the latest technology and a deep understanding of customer needs, the startup has emerged as a leader in the fast-growing fintech sector. Peach Payments secured the latest investment from Apis Growth Fund II, a private equity fund managed by Apis Partners, a UK-based asset manager. The startup will use the funding to fuel its expansion plans across South Africa and beyond.

ARM-Harith Infrastructure Investments has reached the first close of its successor infrastructure fund, raising approximately $76 million as it seeks to channel more African institutional capital into critical infrastructure projects across the continent.

British International Investment (BII), the UK’s development finance institution, has unveiled a $150 million trade facility with Absa Group.

Aruwa Capital Management, a female-founded and led investment firm based in Lagos, has secured 90% of its $40 million goal for its second fund, Aruwa Capital Fund II.