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.
Nairobi-based Purple Elephant Ventures (PEV), a startup studio focused on tourism, has secured an extra $500,000 to boost its seed funding round to $5 million.
Raenest, a global multi-currency accounts platform serving individuals and businesses across Africa, has successfully raised $11 million in Series A funding.
Zone, a leading African payment infrastructure company, has secured $8.5 million in a seed funding round exceeding expectations.
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