South Africa’s Peach Payments secures new funding for pan-African expansion

22 May 2020

Money Transfer

Peach Payments, a payments platform for entrepreneurs, SMEs and large enterprise businesses in South Africa, has raised growth funding to drive its expansion into Africa.

Peach Payments raised the funding from UW Ventures, in partnership with Allan Gray, and will use it to accelerate product development and extend market reach. UW Ventures was joined in this financing round by industry experts as well as existing investors.

“With this funding, we’ve expanded to include support for new platforms such as Xero and Wix – to make it easier for African start-ups and SMEs to easily take their business online,” says Andreas Demleitner, co-founder of Peach Payments. Read the full article on TechMoran here.