South African digital payments firm, Peach Payments acquires custom software development firm Operativa. They will integrate the entire Operativa team into Peach Payments, with Operativa co-founders Dayne Olivier and Ben Janecke taking on Principal Engineer positions.
The acquisition comes after Peach Payments latest close of $30 millionled by the Apis Growth Fund II. The terms of the deal were not disclosed but the full acquisition is expected to be completed by August.
According to Rahul Jain, CEO and co-founder of Peach Payments, “Operativa has been a trusted partner since the very beginning of our relationship, so the opportunity to acquire the business was not only a strategic business decision, but felt like a natural next step. The additional capital raised from the Apis Growth Fund II is allowing us to execute faster as we build new products and expand across Africa. Operativa has the people, skills, and intricate knowledge that comes from having worked with us on developing our systems, allowing us to hit the ground running together on some really exciting new projects.”
What this means to both brands
Operativa works with clients in the financial services, information security, e-commerce and cloud hosting industries. Olivier and Janecke have worked with Peach Payments since 2022, building and maintaining a number of the company’s payments systems and solutions.
The pair and their team have been instrumental in building the technical architecture that has paved the way for Peach Payments’ rapid expansion. Including integrating additional payment methods such as Apple Pay, and onboarding new merchants and banking partners.
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“We were able to build something really special with Operativa. We made significant strides working with Peach Payments as our partner, and we are confident that as an integrated business. And we’ll be able to achieve even more,” Janecke adds.
The decision to sell the business had been influenced by a number of factors. Including their relationship with Peach Payments and its plans for the future, as well as market conditions.
Bringing Operativa’s specialised skills and developers in-house allows Peach Payments to deliver on its growth strategy more quickly and efficiently, says Jain.
“We have always really enjoyed working with Peach Payments. We believe that the business has what it takes to become the undisputed payments leader in Africa. And we see this acquisition as a call up to the winning team,” Olivier says.
Frequently Asked Questions
1. How does Peach Payments work?
Peach payments enable businesses to make bulk EFT payments. Example usage could be to pay out, suppliers, partners, employees or customers who paid for goods and services via EFT, and need to be refunded. Please see our documentation hub which contains copyable snippets with additional code snippets.
2. Is Peach Payments legit?
Yes, they are legit with bank-enabled two-factor authentication and industry-leading fraud detection tools. Every online business needs to make sure it is easy for customers to do that quick click through to purchase.
3. What countries is peach payment available in?
They currently work with businesses in South Africa, Kenya and Mauritius, and they are rapidly expanding our presence to other countries across the continent.
4. Who is the CEO of Peach Payments?
Rahul Jain is the CEO and co-founder of Peach Payments, an online payment platform. It’s the second-largest online payment gateway in SA, was founded by Jain and Andreas Demleitner in 2012 in Cape Town.
5. Does Peach Payments accept PayPal?
Yes they do! Provided the country your customers are from are PayPal-friendly- like the USA.
6. How long does Peach Payment take to reflect?
Peach Payments makes a single deposit for all your payment methods (except Mobicred) into your bank account on one day, and you should see it reflect in your bank account the next day, depending on bank clearing periods.
7. What is the Payflex?
Payflex is an innovative eCommerce payment solution that can help online retailers make more sales. It enables consumers to break up the cost of their purchase into four payments. They receive their goods upfront, but they are able to pay for it in instalments every two weeks, at no additional cost to them.
