TurnStay secures over R5m from US investors for Africa expansion
TurnStay specialises in reducing the cost of getting paid for African merchants and platforms in travel and tourism
15 July 2024 - 13:49
In a move that underscores continued investor interest in financial technology (fintech) platforms in SA, local start-up TurnStay.com has secured over R5m in funding from US investors that will be used to expand its operations in Africa.
On Monday, the travel-focused fintech operator said it had secured $300,000 (about R5.4m) in fresh funding from Silicon Valley and New York-based investors DFS Lab and DCG. The company plans to use the cash injection to expand the business into Africa and “build on the significant traction already achieved.”..
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