About Happy Pay
Happy Pay is a company based in Cape Town (South Africa) founded in 2021 by Boitumelo Thulo and Patrick Postrehovsky was acquired by Doku in July 2022.. Happy Pay has raised $1.81 million across 2 funding rounds from investors including Doku, Fin and Felix Strategic Investments. Happy Pay offers products and services including Buy Now Pay Later Service and Merchant Support Tools.
- Headquarter Cape Town, South Africa
- Founders Boitumelo Thulo, Patrick Postrehovsky
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Sectors
Financial Services
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Phone
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Website
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Social
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Products & Services of Happy Pay
Happy Pay offers a comprehensive portfolio of products and services, including Buy Now Pay Later Service and Merchant Support Tools. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Allows users to split online purchases over two paycheques without interest.
Helps merchants increase basket size and customer conversions.
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Sales and Marketing
2 people
Leadership Team
1 people
Software Development Team
1 people
Head Team
1 people
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Funding Insights of Happy Pay
Happy Pay has successfully raised a total of $1.81M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(17 Sep 2024)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Seed - Happy Pay | Valuation | E4EAfrica , 4Di Capital | |
| Sep, 2024 | Amount | Debt – Conventional - Happy Pay | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Happy Pay
Happy Pay has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Doku, Fin and Felix Strategic Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital funding is offered to early-stage South African businesses.
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided to Africa-based entrepreneurs.
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Founded Year | Domain | Location | |
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Venture capital fund focused on tech companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Happy Pay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Happy Pay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Happy Pay Comparisons
Competitors of Happy Pay
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Happy Pay
When was Happy Pay founded?
Happy Pay was founded in 2021 and raised its 1st funding round 3 years after it was founded.
Where is Happy Pay located?
Happy Pay is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Is Happy Pay a funded company?
Happy Pay is a funded company, having raised a total of $1.81M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.81M, raised on Sep 17, 2024.
What does Happy Pay do?
Happy Pay was founded in 2021 in Cape Town, South Africa. Payment gateway solutions are developed by the company to facilitate secure online transactions in the fintech sector. Operations center on integrating these services with e-commerce platforms for businesses across the region. Core activities involve processing digital payments while ensuring compliance with local standards. The company is led by co-founders Boitumelo Thulo and Patrick Postrehovsky.
What products or services does Happy Pay offer?
Happy Pay offers Buy Now Pay Later Service and Merchant Support Tools.
Who are Happy Pay's investors?
Happy Pay has 9 investors. Key investors include Doku, Fin, Felix Strategic Investments, E4E Africa, and 4Di Capital.
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