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. Our platform is powered by rich analytics and payment behaviour data, providing more insight into failed payments to optimise conversion and collections. We currently serve some of Africa's largest brands in the insurance, telco, retail, and BPO sectors. Features include: - Multiple payment methods through a single API at best-in-market rates - Smart payment routing and automatic failover - Split settlements into multiple accounts - Real-time insight into payment failures - No-code billing, including invoicing, check-out experiences, and payment links to increase conversion - Automated dunning and recovery processes, including smart retries - Proactive payment token expiry and personalised messaging based recovery - Analytics to identify most successful payment methods and segment customers by profitability and propensity to pay
Location: South Africa, Western Cape, Cape Town
Employees: 11-50
Total raised: $6.3M
Founded date: 2020
Investors 3
| Date | Name | Website |
| - | QED Invest... | qedinvesto... |
| 01.12.2023 | Speedinves... | speedinves... |
| 27.05.2024 | Everywhere... | everywhere... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 28.09.2023 | Seed | $5.2M | - |
| 25.11.2022 | - | $1.1M | - |
Mentions in press and media 6
| Date | Title | Description |
| 28.09.2023 | Revio Raises $5.2 million Seed round | Share this: Click to share on Facebook (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to email a link to a friend (Op... |
| 27.09.2023 | QED and Partech back South African payment orchestration platform Revio in $5.2M seed | The payment landscape in Africa is still fragmented, with several payment operators providing different payment options to customers as well as businesses. Due to this fragmentation, payment failures are inevitable due to factors such as in... |
| 23.06.2023 | This SA startup plans to eliminate digital payments failure in Africa. Here is how TechCabal’s 2021 Year-End report Success! | Revio is a South African fintech startup looking to address digital payments failure on the continent. The startup has raised $1.1 million to expand its market presence. According to recent data, three out of every 10 digital payments in Af... |
| 28.11.2022 | Weekly Economic Index: An interesting naira, student loans and Ghana’s golden strategy | Hello. Welcome to the weekly economic index by Ventures Africa. Here’s a rundown of the three biggest stories of the week (November 21st-27th). The naira just got more interesting On Tuesday, the Central Bank of Nigeria (CBN) announced a su... |
| 25.11.2022 | South Africa’s Revio allows businesses to connect to multiple payment methods and reduce failures | Three out of every 10 payments in Africa fail, according to reports. Factors behind this range from a fragmented payments landscape and invalid cards to dormant accounts and higher dispute rates; they surface yearly leading to a $14 billion... |
| 25.11.2022 | Revio raises $1.1 million to “radically reduce failed payments and churn” TechCabal’s 2021 Year-End report Success! | Cape Town-based Revio, a payments API company, has raised $1.1 million in an oversubscribed seed funding round to solve payment failures in emerging markets. Led by SpeedInvest, with participation from Ralicap, The Fund, Two Culture Capital... |