February 7, 2023
NEF 1767

Peach Payments began after a chance meeting between Rahul Jain and Andreas Demleitner in 2009. As immigrants to South Africa, they were unsure if they would remain – or even when their paths would next cross. But the two knew they had complementary traits. So two years later, they decided to reunite in Cape Town under the banner of Peach Payments – with an ambitious goal of revolutionizing the online payment space in South Africa.

Peach Payments moved through the Google Umbono accelerator program a year later and then immediately set about identifying and solving problems that online merchants were experiencing.

From day one, Peach Payments’ co-founders have prioritized their values of trust, integrity, and customer-centricity, and these are still the backbone of the business.

The payment solutions that they presented to their first clients – some of whom are still present-day clients – remain the most important to the fundamentals of the business. But years on, Peach Payments has rapidly expanded its suite of tools to help online businesses scale.

Peach Payments keeps customers and users at the center of everything they do, allowing merchants to focus on what they do best while we take care of their payment needs. Over the years they’ve taken immense satisfaction from seeing seminal brands like SweepSouth, WumDrop, Netflorist, Pargo, Petheaven, and Dineplan scale effectively using their various payment gateway solutions.

With continuous learning and development central to what they do at Peach Payments, they’re also proud to have pioneered fintech firsts for South Africa – like subscription models, one-click payments, mobile integration, and gig-economy payment solutions.

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They also believe in the importance of small and medium-sized enterprises and fully integrate with leading e-commerce platforms like WooCommerce, Shopify, Wix, and Magento. Their modern API also allows for custom integrations. They currently work with businesses in South Africa, Kenya, and Mauritius, and we are rapidly expanding our presence to other countries across the continent.

Today, Peach Payments seamlessly processes over R1 billion a month for their merchants. And although online shoppers may not realize they’re using one of their products, they’re immensely proud of the journey they’re helping them walk as they get started, or start scaling up.

How it Works

Payments

Peach Payments provides payment solutions to online and mobile businesses enabling them to easily accept Payments from customers.

It allows merchants access to all relevant payment methods including credit, debit cards, bank transfers, mobile wallets, and mobile operator billing to help them succeed in the emerging markets in Africa, South America, and the East.

Peach payment allows users to manage their subscription plans and automate the payments according to the plan.

Credit Card storage vault enables users to avoid PCI compliance processes by using their embedded hosted payment page on users’ websites to collect sensitive cardholder data.

Integrations

Peach Payments enables businesses to easily accept payments on their websites and mobile apps, integrating with leading e-commerce platforms like WooCommerce, Shopify, Wix, and Magento.

Peach Payments provides a payment gateway, allowing businesses to accept payments on Websites, mobile apps, SMS, and email. It gives them access to payment methods, including credit/debit cards, bank transfers, mobile wallets, electronic wallets, and mobile operator billing.

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 Business Intelligence Portal (BIP)

Peach Payments provides merchants with access to an advanced and intuitive Business Intelligence Portal (BIP) where they can view, reverse and refund all their transactions across both mobile and web platforms.

BIP provides merchants with payment analytics tools helping them easily analyze their sales performance. Peach Payment’s solution is highly scalable and could meet the needs of fast-growing online and mobile businesses.

Founders

Andreas Demleitner

Andreas Demleitner

Andreas Demleitner is the Co-Founder at Peach Payments. 

Additionally, Andreas Demleitner has had a past job as the Founder & Partner at BayTech Venture Capital.

He is an experienced High-Tech entrepreneur, investment professional, and board member in communications, digital media, and technology.

He has a Worldwide network with trusted relationships especially in Europe, the US, Israel, and Africa, and International work experience including senior management positions with global companies, successful entrepreneurs, and senior roles as a Partner in the VC and Private Equity industry.

Andreas Demleitner also has a broad skill base in most aspects of operational management, with specific strength in refining strategy, business development, M & A, and fundraising.

Andreas Demleitner studied at the Karlsruhe Institute of Technology.

Rahul Jain

Rahul Jain

Rahul Jain is the Co-Founder and CEO at Peach Payments. 

Additionally, Rahul Jain has had past jobs including Senior Consultant at LEK Consulting.

He has significant experience in digital payments with a special focus on Africa and other emerging markets and has spent a lot of time working with clients and helping them optimize their workflows and UX when it comes to monetizing their users.

He has previously worked extensively with tier 1 retailers, airlines, and online merchants helping them develop and optimize their core business strategy.

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Rahul Jain studied at Harvard Business School, MIT – Sloan School of Management, and IESE Business School.

Investors & Funding Rounds

UW Ventures, Allan Gray

 Peach Payments has raised an undisclosed amount of growth funding to drive its expansion across Africa. 

Peach Payments will use the funding to accelerate product development and extend market reach. 

With this funding, they have expanded to include support for new platforms such as Xero and Wix to make it easier for African startups and SMEs to easily take their business online.

Main Competitors

Pineapple Payments: It provides payment processing technology for both brick-and-mortar and online businesses.

LianLian Pay: This is a cross-border payment solution provider.

O’Pay Electronic Payment: It is a mobile payment mobile app.

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