About Payfast
Payfast is a company based in Cape Town (South Africa) founded in 2007 was acquired by DPO Group in July 2019.. Payfast offers products and services including Payment Gateway, Ecommerce Integration, and Point-of-Sale Device. Payfast operates in a competitive market with competitors including Flutterwave, PayU, Network International, Yoco and ACI Worldwide, among others.
- Headquarter Cape Town, South Africa
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Sectors
Financial Services
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Email
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Phone
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Website
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Products & Services of Payfast
Payfast offers a comprehensive portfolio of products and services, including Payment Gateway, Ecommerce Integration, and Point-of-Sale Device. 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.
Enables secure online payment acceptance for businesses.
Facilitates instant payments on online stores.
Supports contactless transactions in physical stores.
Funding Insights of Payfast
| 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 |
Investors in Payfast
Payfast has secured backing from 1 investor. Prominent investors backing the company include DPO Group. 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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Cross-border money transfers are enabled for businesses by DPO Group.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Payfast
| 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 - Payfast
| 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 |
Payfast Comparisons
Competitors of Payfast
Payfast operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, PayU, Network International, Yoco and ACI Worldwide, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Network International is recognized as a leading digital payment provider in the Middle East and Africa.
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| domain | founded_year | HQ Location |
Payment processing solutions are offered to businesses and merchants.
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| domain | founded_year | HQ Location |
Digital payments are processed and managed via specialized solutions.
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Global e-commerce payment processing and security services are managed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Payfast
Frequently Asked Questions about Payfast
When was Payfast founded?
Payfast was founded in 2007.
Where is Payfast located?
Payfast is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
What does Payfast do?
Diversified payment processing solution for individuals. Offers payment gateway for businesses to accept online payments. Enables to receive instant payments for online stores, pay processing at events, invoice processing, accepting donations, subscription payments, and more.
Who are the top competitors of Payfast?
Payfast's top competitors include PayU, Flutterwave and Yoco.
What products or services does Payfast offer?
Payfast offers Payment Gateway, Ecommerce Integration, and Point-of-Sale Device.
Who are Payfast's investors?
Payfast has 1 investor. Key investors include DPO Group.