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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.

Africa Finance Corporation (AFC), a key player in infrastructure financing across the continent, has successfully raised $400 million through a Shariah-compliant Commodity Murabaha facility.

The Mastercard Foundation has announced a significant expansion of its partnerships with the Campaign for Female Education (CAMFED) and the Forum for African Women Educationalists (FAWE) to support young women and girls in Africa.

Orca Fraud, a South African startup focused on combating financial fraud in digital payment systems, has raised $2.35 million in seed funding to strengthen its real-time transaction monitoring and fraud intelligence platform.