Scale Secures USD 700 K in Pre-Seed Funding

South Africa-based Fintech Scale, an issuer orchestration platform and payments enabler has raised USD 700 K in pre-seed funding. The funding round was led by early-stage investors 54 Collective and First Circle Capital, with participation from Sunny Side Venture Partners and industry expert angels. This milestone coincides with Scale’s first anniversary in October 2024 and paves the way for its market expansion into Kenya, Zambia, and Côte d’Ivoire.

Founded in 2023 by Miranda Perumal and Barbara Woollams, Scale specializes in card issuing enablement, helping fintechs achieve faster go-to-market strategies and accelerate revenue growth. Scale has already established key partnerships with investment, banking, network, and payment technology providers, positioning itself as a modern card-issuing orchestration and Infrastructure-as-a-Service (IaaS) platform.

Scale’s proprietary technology, SOIL (Scale’s Orchestration Issuing Layer), is the foundation of its services. It provides a seamless, scalable solution designed to meet the unique needs of businesses across Africa. The company is set to transform the payments landscape by enabling critical payment use cases quickly and efficiently.