One of South Africa’s largest payment gateway, Peach Payments says it has raised $ 31 million in a series A Funding round led by Apis Partners, a UK-based asset manager.
This funding is expected to be used to accelerate the firm’s growth across Africa.
Already, it operates in South Africa, Kenya, and Mauritius.
Commenting on the development, the CEO and co-founder of Peach Payments, Rahul Jain said that the partnership with Apis Partners would help drive its quest to help African entrepreneurs.
“We’ve witnessed incredible growth in the past three years driven by fundamental forces and shifts in consumer and business adoption of digital commerce. Across market segments – from retail to digital learning, fitness, and even traditional financial services – we’ve onboarded new clients in almost every vertical. We’ve built a very strong team with exceptional operators and I am excited to partner with the team at Apis and take this business to where it deserves to be. The Apis team brings an incredible wealth of experience in fintech across the globe and we look forward to exploring exponential opportunities together with them, ” he said.
