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Addressing Payment Failures across Africa

Revio is an Africa-focused payment orchestration platform that minimizes the complexity, cost, and risk of payment operations, to help merchants reach and retain more customers. Through a single PCI-compliant platform and API, global and local merchants can access 70+ payment methods, set up configurable routing and retry rules, and dynamically engage customers throughout the payment journey. This includes features such as smart transaction routing to increase success rates, automated dunning and customer engagement workflows, and the ability to offer partial payments or payment plans. Founded in 2020 and launched in 2021, the startup recently announced a seed investment round of US$5.2 million to help it expand across Africa and expand its capabilities, with this following up on a US$1.1 million round secured late last year. Revio is now active across more than 25 African markets, and 70 payment methods. The company now counts four of Africa’s largest insurers and two largest telcos as clients and has secured a strategic partnership with a tier one African bank to offer distribution to its base of enterprise and mid-size clients. Clients include Old Mutual, Standard Bank, MTN aYo, and Innovation Group..

DISRUPT AFRICA