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African Startup Funding Tracker

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South African Fintech Startup Revio Raises USD 5.2 M Seed Round
South African Fintech Startup Revio Raises USD 5.2 M Seed Round

South Africa’s Revio, a payment orchestration platform that helps merchants optimize their order to cash lifecycle, has announced a seed investment round of USD 5.2 M to help it expand across Africa and expand its capabilities. The funding round was led by leading fintech fund QED Investors, which was joined by Partech and continued participation from Revio’s existing investors, Speedinvest, RaliCap, and Everywhere VC.

Revio is an Africa-focused payment orchestration platform that minimises the complexity, cost, and risk of payment operations, to help merchants reach and retain more customers. Its single PCI-compliant platform and API allows global and local merchants to access more than 70 payment methods, set up configurable routing and retry rules, and dynamically engage customers throughout the payment journey. 

Revio plans to use the capital to further grow its coverage across Africa, deepen its routing logic, and expand its capabilities to add more value to customers. The company will be scouting for top talent across the continent and in key international markets to support its growth.