Solutions
Developers
Fees
Resources
Sign Up
My Dashboard
.svg)
Peach Payments was founded by Rahul Jain and Andreas Demlietner in Cape Town, South Africa in 2012. They believed African merchants deserved a better way of processing online payments using easy to use, cutting edge technology.
Peach Payments secured $1 million in seed funding from 88mph, a venture builder focused on early-stage startups. This funding helped Peach Payments establish and grow its digital payments platform to meet the needs of South African businesses.
Peach Payments experienced substantial growth in its merchant base and became a trusted partner for a range of industries. Notable early partnerships included SweepSouth, where Peach Payments enabled seamless online payments for domestic services in South Africa.
The COVID-19 pandemic accelerated ecommerce adoption, driving a significant increase in transaction volumes for Peach Payments, as businesses migrated online. Peach Payments raised an undisclosed amount in its first early-stage funding round, from Allan Gray and UW Ventures.
Peach Payments completed another round of early-stage funding from Allan Gray and UW Ventures, along with a new partner, Launch Africa. This funding was primarily aimed at expanding Peach Payments’ reach into new African markets, including Kenya and Mauritius.
Peach Payments underwent a strategic rebrand to signify its transformation from a South African payments company to a pan-African leader in payment solutions. The rebranding aimed to underscore our commitment to serving businesses across Africa with innovative payment tools.
Rahul Jain, the co-founder and CEO of Peach Payments, won the IESE 40 Under 40 Best Entrepreneur Award, celebrating his contribution to the fintech industry and Peach Payments’ impact on driving digital commerce in Africa.
Peach Payments raised US $31 million (R500 million) in a Series A funding round led by Apis Partners. The funding allows us to accelerating our expansion into more African markets and invest in technology to provide merchants with better payment infrastructure.
To enhance its in-house development capabilities, Peach Payments acquired Operativa, a custom software development firm. This acquisition bolstered its ability to deliver tailored solutions and strengthened its tech-driven approach to serving merchants.
Peach Payments was included in the Top 10 Fintech Startups in South Africa in recognition of its innovation, strong merchant relationships, and impact on the digital payment ecosystem.
Peach Payments has been recognized as one of the 100 Most Innovative Fintech Startups of 2024 by CB Insights, the leader in technology market intelligence. For our commitment to providing cutting-edge payment solutions to businesses of all sizes.
.webp?)
Peach Payments expands into six West African countries representing an exciting chapter in our journey to build a truly pan-African payment ecosystem. The acquisition unlocks new opportunities for merchants who can now partner with us and access over 450M people across the markets we operate in.
Operating Regions
Peach People
Total Investment
Historical Uptime
-1.svg){kind=icon}
We are deeply committed to our merchants’ success — their growth fuels ours. We think like a merchant, anticipate needs, and take ownership of their challenges until they’re solved. While we always have their best interests at heart, we balance this with Peach’s priorities, ensuring our solutions drive impact for both our merchants and our business.
-1.svg){kind=icon}
We collaborate across teams and functions, share context, and back each other. We celebrate wins together and support each other through challenges — because success at Peach is a team sport. With one mission and one team, we stay aligned on where we’re going and win together.
-1.svg){kind=icon}
We value every voice, listen actively, and communicate with empathy. We challenge ideas — not people — and handle disagreements with professionalism. Respect strengthens trust, and trust enables true collaboration.
We deliver with urgency, focus, and accountability. We celebrate great work, solve problems, and always ask: “How can we make this better?” We are meticulous in our craft. We push for outstanding results that create lasting impact.
We embrace curiosity and continuous learning to sharpen our skills and adapt quickly. Every challenge, mistake, or success is an opportunity to improve. We strive to be experts in an ever-changing industry — because when we stay ahead of trends, we help Peach, and our merchants, thrive.
%20Icon.png?width=32&name=Pay%20by%20Bank%20(EFT)%20Icon.png){kind=small}
.png?width=32&name=Crypto%20Icon%20(1).png){kind=small}
