Best Payments Companies in Western Cape, South Africa
The 44 best Payments companies in Western Cape, South Africa in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Yoco.
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 Western Cape
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Yoco Provider of point-of-sale systems, card machines, and online payment solutions | $107M | 61 mo ago | Series C | Lungisa Matshoba Co-Founder | 2015 | StoryblokSentrySalesforce+30 | — |
| 2 | Peach Payments Payment gateway solutions for businesses and merchants | $32M | 40 mo ago | Series A | — | 2013 | Cart FunctionalityWordPressMySQL+40 | — |
| 3 | Precium Provider of online payment solutions for businesses | $6M | 35 mo ago | Seed | Ruaan Botha CEO | 2020 | WebflowApple iCloud MailGoogle Workspace+20 | — |
| 4 | TurnStay Payment orchestration platform for businesses | $300K | 25 mo ago | Seed | James Hedley Founder | 2021 | Framer SitesReactCloudflare+14 | — |
| 5 | Payment24 Provider of white-label platform for fuel payment and management solutions | $17K | 76 mo ago | Series A | Nolan Daniel Joint Chief Executive Officer | 2006 | WordPressMySQLPHP+21 | 4 job openings |
| 6 | Entersekt Provider of financial authentication platform and fraud prevention security solutions | — | 10 mo ago | Series B | — | 2010 | TildaApple iCloud MailMicrosoft 365+22 | 1 partnership |
| 7 | PayProp Provider of cloud-based software for automating rental payments | — | 44 mo ago | Seed | — | 2004 | WebflowApple iCloud MailHubSpot+20 | — |
| 8 | Ecentric ATM services, PoS solutions, mobile wallet and related payment solutions | — | 89 mo ago | Late Stage | Hassen Sheik CEO & MD | 1998 | WordPressApple iCloud MailMySQL+20 | — |
Top 12 Payments companies in Western Cape
#1
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
#2
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
#3
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—
#4
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
#5
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
#6
Series B · Stellenbosch, Western Cape · founded 2010 · 207 employees—raised▾
Provider of financial authentication platform and fraud prevention security solutions. The company delivers context-aware authentication to maximize security across digital banking channels. It offers solutions for scam prevention, account takeover fraud prevention, and regulatory compliance. The company’s platform helps financial institutions reduce fraud losses and improve customer experiences.
- Oct 2025Series B—
- Jun 2024Series B—
- Jun 2022Series B—
- Dec 2021Series B—
#7
Seed · Cape Town, Western Cape · founded 2004 · 36 employees—raised▾
Provider of cloud-based software for automating rental payments. Provides a platform for the property management industry in real estate, aims to eliminate inefficiencies in back-office operations, lower administrative costs per transaction, and apply technology to automate the rent collection process.
- Dec 2022Seed—
#8
Late Stage · Cape Town, Western Cape · founded 1998 · 144 employees—raised▾
Ecentric payments offer PoS solutions, omnichannel payment gateway services, white label gift and loyalty cards issuing, transaction reports, fraud and risk management, telephonic payments, mobile wallet. PoS suite services cover mobile payments, money transfer, prepaid purchases, bill payments. Also supports Non-Authenticated Early Order transactions.
#9
Acquired · Stellenbosch, Western Cape · founded 2006 · 40 employees—raised▾
Pay@ offers an offline payment network for bill payment. These payment networks extend across retailers, banking institutions, wallets and informal vendors. Payment methods include cash, EFT, credit cards, debit cards and QR codes.
#10
Seed · Cape Town, Western Cape · founded 2017 · 3 employees—raised▾
Provider of customizable mobile payment APIs and payout engine. It offers tools enabling companies to facilitate their own payments within apps and websites. The platform includes a routing and payout engine for quick disbursements to multiple users, supporting peer-to-peer transfers and configurable transaction rules and fees. Identity verification is handled to meet Know Your Customer (KYC) and compliance requirements. Users can accept various payment methods, manage payments and users, and create multiple user types with customized permissions and fee structures. The system supports deposits, withdrawals, and transfers with transaction restriction options. Variable and fixed fees are configurable.
- 2018Seed—
#11
Seed · Cape Town, Western Cape · founded 2015 · 3 employees—raised▾
ZapGo provides a wallet to consumers. Its services include money transfers and bill payments. As of December 2019, the wallet is in the beta version.
- Mar 2015Seed—
#12
Acquired · Cape Town, Western Cape · founded 2014 · 16 employees$6.8Mraised▾
Provider of payment processing solutions, including online and call center options. The business offers various methods for merchants to receive payments. These include options for online transactions and agent-assisted processing. The company facilitates payment acceptance through multiple channels.
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.