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African Startup Funding Tracker

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South African Startup TallOrder Raises USD 3.1 Mn Additional Series A Funding
South African Startup TallOrder Raises USD 3.1 Mn Additional Series A Funding

South African startup TallOrder, a developer of advanced cloud-based point of sale (POS) solutions for the small and medium-sized enterprise (SME) market, has raised ZAR47 million (USD 3.1 Mn) in additional Series A funding to accelerate growth and product development.

The investment came from existing investors, including Investec Private Capital, and a consortium led by Africa-focused fintech investment firm Nurture Investment Management. Nurture’s consortium consists of family offices and high net worth individuals, including Valentine Chitalu, an experienced pan-African investor.

TallOrder POS platform offers integration with popular payment platforms such as SnapScan, Zapper, MasterPass, Yoco, ThumbzUp, MTN MoMo, Innervation, African Resonance, NetCash, DPO, and PayFast.  TallOrder can be deployed by retailers, service companies, and hospitality businesses, with the cloud-based solution ideal for SMEs who typically have less IT skills on board and may not have the time or resources needed to deal with internet security, on- and offsite backups, disaster recovery, as well as keeping the software, databases, and integrations up to date.