Best Payments Companies in South Africa
The 139 best Payments companies in South Africa in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Yoco.
South Africa's Payments sector has more depth than the headlines suggest, and this directory ranks the best payments companies in the country by disclosed equity funding and recent momentum across 139 tracked players.
Yoco leads at $107M raised, with Ozow at $52M and Peach Payments at $32M rounding out the serious capital tier. Combined disclosed funding sits at $236M, which sounds modest until you clock that the global payments market is forecast to grow from $511.9B to roughly $847.6B by 2027, compounding at 8.9% annually. So what does that macro tailwind mean for a market where gaps in regulation still shape who can scale and who stalls? It means the companies that move fastest on open banking and faster payments infrastructure are the ones worth watching right now. Crossfin and Partech Partners are the investors placing those bets locally.
The hot themes this quarter are faster payments rails, digital banking innovation, and cross-border FX flows. Globally you can see the pressure building, with Udaan's move to build its own payment stack to reduce third-party dependence signaling exactly the kind of infrastructure-first thinking that's reshaping the sector. Flight disruption payment disputes are also surfacing as a real friction point, one that faster, more transparent rails could solve. I'd keep an eye on Adumo and the sub-$1M cohort, because that's where the next funding cycle tends to announce itself.
Our analysis of 150 Payments companies
$44.9b in tracked funding; 96% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2021.
Ranked: Best Payments companies in South Africa
| # | Company | Disclosed funding | Last round | Stage | Employees | Founder | Tech stack | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BOS.Pay Provider of platform facilitating cryptocurrency and card payment processing solutions | $8K | — | Seed | — | M Munshi Founder & CEO | TurbopackNode.jsThree.js+12 | — | — |
| 2 | 2D Cash-less and card-less payment technology | — | — | Unfunded | — | Ruan Malan Co-Founder | — | — | — |
| 3 | African Payment Solutions Payment gateway solution provider | — | — | Unfunded | — | Robin Philip Founder & CEO | — | — | 1 launch · 1 partnership |
| 4 | AfriNova Digital Payment platforms for various industries | — | — | Unfunded | — | Xolisa Vuza Co-Founder | — | — | — |
| 5 | Allxs Closed loop cashless payment network | — | — | Unfunded | 8 | Raphael Domalik Founder | WordPressMySQLPHP+26 | — | — |
| 6 | Amplifin Platform offering electronic payments and collections solutions for businesses | — | — | Unfunded | 77 | — | WordPressMySQLPHP+23 | — | — |
| 7 | Ankerdata PoS solutions | — | — | Unfunded | 26 | — | — | — | — |
| 8 | AO Pay Payment solutions for the financial services industry | — | — | Unfunded | — | Michael Singleton Co-Founder & CEO | WordPressMySQLPHP+20 | — | — |
Top 12 Payments companies in South Africa
#1
Series A · Johannesburg, Gauteng · founded 2021$9.5Mraised▾
Provider of software solutions for finance management. It provides users with a fintech company's goal to empower and facilitate trade, especially for small, micro, and nano-business owners. It also aims to streamline the payment process for SMEs by embedding payment functionalities into their daily operations.
- Jan 2026Series A$9.5M
- Oct 2024Seed—
#2
Series A · Pretoria, Gauteng · founded 2017 · 15 employees$259.8Kraised▾
Sticitt provides payment processing solutions for schools. It enables students/parents to make school fees payments via bank transfers and credit/debit cards. It also provides a digital wallet for sending and receiving school payments.
- Jul 2025Series A—
- Mar 2022Seed—
- Jun 2020Seed$176K
- Jan 2020Angel$83.8K
#3
Series A · Cape Town, Western Cape · founded 2013 · 122 employees$32Mraised▾
Peach Payments provides payment gateway solutions for businesses and merchants. It offers merchants a state-of-the-art payments solution with the product suite which enables them to accept payments across all their channels including their website, mobile site and their mobile apps. It also offers tools for fraud prevention.
- Apr 2023Series A$31M
- Apr 2021Series A—
- May 2020Series A—
- Feb 2013Seed$1M
#4
Series C · Cape Town, Western Cape · founded 2015 · 350 employees$107Mraised▾
Provider of point-of-sale systems, card machines, and online payment solutions. The company offers tools for businesses to grow revenue and save time. Its products include card machines, point-of-sale systems, and online payment processing. It serves various industries, including food and beverage, retail, health and beauty, and services.
- Jul 2021Series C$83M
- 2020Series B—
- Sep 2018Series B$16M
- Mar 2017Series A$3M
#5
Acquired · Sandton, Gauteng · founded 2019 · 33 employees$25.9Mraised▾
Provider of payment solutions, card machines, and customer engagement platforms. The business offers standalone, integrated, and online payment processing. It provides point-of-sale integrations, alternative payment options, and automated reconciliation services. Additionally, the company delivers customer engagement solutions, including loyalty rewards, gift cards, and virtual vouchers. Payout solutions, such as rewards, payroll, and expense management, are also available.
- Nov 2022Series B$10.9M
- Nov 2022Conventional Debt—
- Feb 2021Series B$15M
#6
Series B · Johannesburg, Gauteng · founded 2005 · 147 employees$51.7Mraised▾
Provider of payment solutions, including pay by bank and crypto payments. The business facilitates payments, refunds, and payouts for businesses. It offers various payment options, including card payments, one-blink payments, and voucher redemption. The business also provides integrations and plugins for businesses.
- Nov 2021Series B$48M
- Jun 2019Series A—
#7
Seed · Cape Town, Western Cape · founded 2020$6.3Mraised▾
Provider of online payment solutions for businesses. The platform provides solutions such as payment processing, payment recovering, payment analytics, fraud management, payment reconciliations, and more.
- Sep 2023Seed$5.2M
- Jun 2022Seed$1.1M
- Mar 2021Seed—
#8
Seed · Cape Town, Western Cape · founded 2021$300Kraised▾
Payment orchestration platform for businesses. It helps businesses streamline and optimize payment workflows. It involves integrating multiple payment gateways, processors, and methods into a single platform, allowing for management and optimization of the payment process. It also helps route transactions to the appropriate payment gateway or processor based on factors such as location, payment method, and transaction amount.
- Jul 2024Seed$300K
#9
Seed · Johannesburg, Gauteng · founded 2021 · 10 employees$2Mraised▾
Expense management and card solutions for businesses. It offers solutions for spending management, business card management, transaction management, collateral-free credit, and more. It also offers flexible repayment plans for users. Provides features including invoice management, business account, financing invoices, and more.
- Jun 2022Seed$2M
#10
Seed · Sandton, Gauteng · founded 2020 · 8 employees$660.5Kraised▾
NFC-enabled POS solutions for merchants & businesses. It enables merchants to accept contactless payments via NFC-enabled credit/debit cards. It features checkout solutions, wallet-based payments, and more.
- Feb 2022Seed$660.5K
#11
Seed · Sandton, Gauteng · founded 2017$30.4Kraised▾
NFC-enabled prepaid card for healthcare expenses. It enables users to pay for services such as blood tests, dentistry, gynecology, phathology, and more. Card can be recharge via banking apps, credit/debit cards, and cash deposit at FNB ATMs.
- Feb 2021Grant (prize money)$30.4K
- Aug 2020Seed—
#12
Series A · Cape Town, Western Cape · founded 2006 · 58 employees$16.6Kraised▾
Provider of white-label platform for fuel payment and management solutions. The platform enables businesses to design products for their customers and ecosystems. It offers integrated payment, loyalty, and management solutions. The platform supports mobile payments, electronic vouchers, prepaid cards, and fleet management.
- Apr 2020Series A—
- Aug 2017Seed—
- Jul 2016Seed$16.6K
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Payments coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Digital Payments is moving in South Africa
A read on the academic research around Digital Payments — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 220 South Africa-affiliated papers.
- University of Johannesburg36
- University of Cape Town25
- University of South Africa24
- North-West University21
- University of Pretoria14
- Mobile payment5
- Biometrics2
- Computer security2
- Mobile banking2
- Continuance1
- Mobile payment12→23
- Financial inclusion8→15
- Financial services4→10
- Service (business)2→4
- Database transaction3→4
- Mobile payment19→28
- Financial inclusion9→17
- Financial services8→12
- Mobile banking3→7
- Payment service provider2→6
Where digital payments is researched across South Africa
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.