“Can a white-label fleet fuel payment platform become the embedded financial infrastructure OS for oil companies, banks, and fleet operators globally?”
Founded in 2014 as a fleet fuel management and payment systems company based in Cape Town, Payment24 evolved into a white-label enterprise platform targeting oil companies, banks, and retailers to launch financial products under their own brand. The company built out a Cloud Switch acquiring platform that connects to multi-bank acquiring networks, forecourt controllers, POS terminals, and payment terminals, positioning itself as embedded payments infrastructure for the fuel and fleet vertical. A Mastercard partnership extended its reach into secure fleet card issuance, underscoring a shift from pure software to a payments-and-cards enablement model.
Payment24's cards run on Mastercard.
Payment24 was founded by Rohan Singh and is founded in 2014, headquartered in Cape Town, Western Cape, South Africa.
Payment24 has raised $1.2M in total (latest round: Series A).
Get a read on where your own stack stands against Payment24 and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.