Africa's Peach Payments Raises $31M Series A Led by Apis Partners

Peach Payments closed a €29 million ($31 million) Series A funding round on April 4, 2023, led by Apis Partners through its Apis Growth Fund II. The Cape Town-based fintech operates a payments gateway that provides API infrastructure enabling merchants to accept and manage payments across multiple channels including cards, digital wallets, mobile money, and buy-now-pay-later services. The platform serves as embedded payment infrastructure for businesses operating across African markets, where payment fragmentation across methods and geographies is a significant challenge.

Apis Partners' investment signals strong institutional confidence in African payments infrastructure. The funding will support Peach Payments' expansion across the continent, deepening merchant coverage and adding new payment method integrations. The round represents one of the larger Series A raises for African payment infrastructure providers in early 2023.