Peach Payments
“Can a single payment orchestration platform become the default acquiring and money-movement layer for African e-commerce?”
Founded2012
HQCape Town, South Africa
FoundersRahul Jain
Total raised~$31M disclosed
Latest roundSeries A, 2023
IndustryInfrastructure / Payments
The story
Peach Payments began in 2012 as a South African online payment gateway and has steadily expanded into a full payments orchestration platform for Africa. The 2023 Apis-led Series A bankrolled product expansion beyond card acquiring into payouts, in-store POS, BNPL, embedded checkout, multi-currency and business funding. The company is positioning itself as Africa's pan-regional payments orchestration layer (South Africa, Kenya, Mauritius, with Côte d'Ivoire presence via Paydunya), competing with global PSPs by leaning on local payment methods (Pay by Bank, Mobicred, Payflex, 1Voucher, Scan to Pay).
Last 12 months
Product timeline
2012
Peach Payment Services (Pty) Ltd founded in Cape Town as an online payment gateway for African merchants.· founding
2020
Raised early-stage funding from Allan Gray and UW Ventures amid COVID-19 e-commerce surge.· funding
2023
Closed $31M Series A led by Apis Partners to expand across Africa and build new products.· funding
2024
Launched Business Funding (Cash Advance) in partnership with Lulalend.· lending
2025
Expanded into in-store payments (Digit Pro POS), Payouts, embedded checkout, and BNPL via PayJustNow integration.· product
The stack
3 layers disclosed in Peach Payments’s embedded-finance stack
Payments / PSP
Peach Payments (self-operated gateway)
Lending
in the full report
Accounting
in the full report
Accounting gap: minor
14 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.