Fintech Callpay acquired at US$6.8m valuation

SOUTH AFRICAFintech Callpay has been acquired by a global fintech provider in an undisclosed transactional investment aimed at accelerating the company’s growth.

The disposal of the company’s shares was based on a valuation of just under US$7million (R100 million).

Callpay’s team pointed out how their journey intended to make online transacting safe, cost-effective, secure, and efficient across multiple channels. 

Since its launch, Thomas van der Spuy, the company Head of Partnerships told bizcommunity that Callpay has processed US$1.4 billion and onboarded over 9,000 merchants.

Callpay lists itself as the first global payment service provider to achieve Level 1PCI-DSS v3 compliance and the first in Africa to get a Payment Card Industry Data Security Standards v3.2 –  compliant Service Provider status.

“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 R20 billion (US$1.37 billion) for over 9,000 merchants,” said the head of partnerships at Callpay South Africa, Thomas van der Spuy.

“Since its launch in 2014, Callpay has processed US$1.4 billion and onboarded 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,” added van der Spuy.

Callpay will announce the purchaser in the coming weeks.

Back in 20215, Callpay announced the signing of a two-way partnership with PayU Turkey, the leading electronic payment solution provider in Turkey.

As Callpay continues to expand its presence, the agreement will provide existing and new PayU merchants with a secure solution to accept mobile payments throughout Turkey.

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