South African Fintech startup Callpay Acquired At A Valuation Of Over $6.8m

South African Fintech startup Callpay has announced it has been purchased by a global Fintech service provider. The sale of majority shares was based on the company’s valuation of more than $6.8m, as the startup aims to raise investment to help accelerate its growth.

Head of partnerships at Callpay South Africa, Thomas van der Spuy speaking on the development said that over time, the startup has been able to solve integration problems in Africa and now aims to partner with a global Fintech startup with likeminded.

“At the beginning of our journey, the Callpay team set out to make online transacting safe, secure, cost-effective, and efficient across multiple channels, and to date, we have processed more than R20bn for over 9,000 merchants.

“Seven years later, we have solved integration problems for some of the largest enterprise merchants by creating a single API to accommodate multiple payment service providers and tender types by optimizing client online payments transactional end-to-end processes. This will remain our core mission, with ‘business as usual’ for our valued clients and by joining forces with a like-minded company as passionate as we are, we have gained new resources and capabilities to continue driving value for our clients around the world” says van der Spuy” said Thomas.

The buyer will be announced in the coming weeks by Callpay.