Callpay, a South African fintech company, sold at over R100m valuation

“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” comments head of partnerships at Callpay South Africa, Thomas van der Spuy.

“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 optimising 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.

Callpay claims it is the first payment service provider globally to achieve Level 1PCI-DSS v3 compliance and the first in Africa to achieve a Level 1 Payment Card Industry Data Security Standards v3.2 compliant Service Provider status.

Callpay will announce the purchaser in the coming weeks.