SA Fintech Startup Revio Raises USD 1.1 Mn

South African fintech API startup Revio raised USD 1.1 M in seed round led by  SpeedInvest, RaliCap, The Fund, Two Culture Capital, and a few angel investors.

Founded by Ruaan Bothaa in 2020, Revio enables merchants from over 25 countries to accept and reconcile over 20 payment methods by integrating their API. The startup focuses on reducing payment failures and churn. The current funding will be used for expanding into new markets and launching newer products.