South African Travel Fintech TurnStay Secures USD 300 K Funding

South African travel-focused fintech, TurnStay.com, has secured over R5.4 million(USD 300 K) funding from Silicon Valley and New York-based investors: DFS Lab and DCG. The company plans to use the funding to expand the business into Africa and build on the significant traction already achieved.

Founded by experienced entrepreneurs Alon Stern, co-founder Slide Financial, and James Hedley, co-founder Quicket, TurnStay seeks to radically reduce the cost of getting paid for African merchants and platforms in travel and tourism by harnessing the same ‘tricks’ used by the world’s biggest booking companies. Merchants’ benefits include lower card fees, a better checkout experience, and more direct bookings, which allows properties to compete with online travel agencies with improved conversion rates.