About Efficacy Payments
Efficacy Payments is a Financial Services company based in Cape Town (South Africa) founded in 2016, and was acquired by Stitch in July 2025. It operates as an online payments solutions for businesses. Efficacy Payments offers products and services including Digital Payment Systems and Point-of-Sale Devices. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its legal entity is Efficacy Payments (Pty) Ltd. Its competitors include Flutterwave, PayU, Yoco, Network International and Ozow and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
Efficacy Payments was founded in 2016 in Cape Town, South Africa. Operations focus on the fintech sector, where electronic payment processing is facilitated for businesses. Card acceptance solutions for online transactions are offered, alongside options for customers to deposit cash into bank accounts via retailers. Services are utilized by banks, retailers, insurers, and small to medium enterprises across various markets.
- Headquarters Cape Town, South Africa
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website efficacypayments.com
- Social LinkedIn
- Acquired by Stitch (Jul 2025)
- Legal Name Efficacy Payments (Pty) Ltd
Products & Services of Efficacy Payments
Efficacy Payments offers a comprehensive portfolio of products and services, including Digital Payment Systems and Point-of-Sale Devices.
Systems to enable electronic payments and displace cash in retail.
Devices for accepting card payments and offering additional services.
Investors in Efficacy Payments
Efficacy Payments has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Stitch.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Open banking API solutions are delivered for financial institutions. | 2019 | stitch.money | Cape Town, South Africa |
Investor details for Efficacy Payments
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Efficacy Payments
2 dated milestones of Efficacy Payments across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Efficacy Payments is founded.
- Exit Acquired by Stitch.
Competitors of Efficacy Payments
Efficacy Payments has 8 listed competitors in our database, 6 of them funded. They include Flutterwave, PayU, Yoco, Network International and Ozow, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flutterwave.com | 2016 | San Francisco, United States | $489.41M | – | Provider of payment processing solutions for businesses | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| yoco.com | 2015 | Cape Town, South Africa | $102M | – | Payment processing solutions are offered to businesses and merchants. | |
| network.ae | 1994 | Dubai, United Arab Emirates | $539M | 1,781 | Network International is recognized as a leading digital payment provider in the Middle East and Africa. | |
| ozow.com | 2005 | Johannesburg, South Africa | $48M | – | Payment processing solutions are provided for businesses and merchants. | |
| dlocal.com | 2016 | Montevideo, Uruguay | $350M | 901 | Global payment processing is facilitated for businesses through diverse methods. | |
| aciworldwide.com | 1975 | Omaha, United States | – | 4,732 | Digital payments are processed and managed via specialized solutions. | |
| cybersource.com | 1994 | Foster, United States | – | – | Global e-commerce payment processing and security services are managed. |
Detailed competitors of Efficacy Payments
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as Efficacy Payments (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Efficacy Payments
Complete news archive for Efficacy Payments
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Efficacy Payments
Efficacy Payments was founded in 2016.
Efficacy Payments is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Efficacy Payments was founded in 2016 in Cape Town, South Africa. Operations focus on the fintech sector, where electronic payment processing is facilitated for businesses. Card acceptance solutions for online transactions are offered, alongside options for customers to deposit cash into bank accounts via retailers. Services are utilized by banks, retailers, insurers, and small to medium enterprises across various markets.
Efficacy Payments's top competitors include PayU, Flutterwave and Yoco.
Efficacy Payments offers Digital Payment Systems and Point-of-Sale Devices.
Efficacy Payments has 1 investor. Key investors include Stitch.
Efficacy Payments operates through Efficacy Payments (Pty) Ltd.
Yes. Efficacy Payments was acquired by Stitch in July 2025.