South African fintech Peach Payments secures funding with plans to expand across Africa
In the most recent business investment round, Peach Payments, a local fintech, secured an undisclosed sum of funding.
Umkhathi Wethu Ventures led the round, with participation from other investors including Allan Gray and Launch Africa Ventures.
Peach Payments is a payment portal that enables companies to accept payments via their websites, mobile apps, SMS, and email.
It allows them to use credit/debit cards, bank transfers, mobile wallets, electronic wallets, and mobile operator billing as payment methods.
With operations in South Africa, Kenya, and Mauritius, Rahul Jain, co-founder of Peach Payments, says the funds will be used to accelerate growth outside of South Africa as well as scale up the business.
Source: Further Africa