Peach Payments raises new investment to support expansion in Africa
5 June 2020
South African financial technology provider Peach Payments has raised new investment to support its expansion into Africa, in a round led by Umkhathi Wethu Ventures (UW Ventures), in partnership with Allan Gray. Other participants were a number of industry executives from Europe and South Africa, as well as existing investors. Recently, the two investors had invested in CompariSure along with South Africa venture capital company 4Di Capital.
Peach Payments operates a B2B online payments platform for businesses in South Africa and was founded in 2012 by German Andreas Demleitner and Cape Town-based Rahul Jain.