Tech Company Financing Transactions
Peach Payments Funding Round
Apis Partners invested in a $31 million funding round for Peach Payments. This venture round was announced by the company on 4/5/2023.
Transaction Overview
Company Name
Announced On
4/5/2023
Transaction Type
Venture Equity
Amount
$31,000,000
Round
Undisclosed
Investors
Apis Partners (Lead Investor)
Proceeds Purpose
Peach Payments is the second largest online payment gateway in South Africa and has operations in Kenya and Mauritius. It now plans to enter new African markets.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Brickfield Canvas 35 Brickfield Rd
Woodstock, 7925
SA
Woodstock, 7925
SA
Phone
Undisclosed
Website
Email Address
Overview
Peach Payments began after a chance meeting between Rahul Jain and Andreas Demleitner in 2009. As immigrants to South Africa, they were unsure if they would remain - or even when their paths would next cross. But the two knew they had complementary traits. So two years later, they decided to reunite in Cape Town under the banner of Peach Payments - with an ambitious goal of revolutionising the online payment space in South Africa.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Rahul Jain
Chief Financial Officer
Paxton Anderson
Co-Founder
Andreas Demleitner
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