🇿🇦 South African payment orchestration startup Revio secures $5.2M in seed funding to streamline payment processes in the fragmented African payment landscape.

🚀 This marks Revio's second funding round in the last year, with QED and Partech leading the latest seed round. The involvement of these growth-stage investors in a seed round underscores the significance of Revio's product.

💼 Revio offers businesses an order-to-cash lifecycle solution, connecting them to over 70 payment methods and service providers through APIs, increasing payment success rates and reducing complexity.

💡 The startup's innovative approach includes real-time engagement workflows through email, SMS, WhatsApp, and push notifications to address payment failures due to reasons beyond technical difficulties.

🌐 Revio's expansion has covered more than 25 African markets, targeting high-value clients with complex payment needs, including large-scale enterprises, insurers, and telcos.

📈 Revio plans to target global retailers servicing the African market in its next development phase, with a focus on cross-border reconciliation settlement capabilities.

🔗 The funding will be used to enhance technological capabilities and expand the team, as Revio continues its mission to unlock increased e-commerce and digital payment activity in Africa.

🌟 "Payments in Africa hasn't been fully solved. Revio is building a platform that can unlock increased e-commerce and digital payment activity on the continent," said Gbenga Ajayi, partner and Africa lead at QED Investors.

#AfricanPayments #Fintech #SeedFunding #PaymentOrchestration

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