About Precium
Precium is a company based in Cape Town (South Africa) founded in 2020. Precium has raised $6.3 million across 2 funding rounds from investors including Circle, Speedinvest and Partech Partners. Precium offers products and services including Payment Processing, Payment Recovery, and Reconciliation Tools. Precium operates in a competitive market with competitors including Flutterwave, PayU, Network International, Yoco and ACI Worldwide, among others.
- Headquarter Cape Town, South Africa
- SectorsFinancial Services
- Email••••••••
- Website precium.com
- Social LinkedIn
- Total Equity Funding$6.3M (USD)
in 2 rounds
- Latest Funding Round$5.2M (USD), Seed
Sep 2023
- InvestorsCircle
& 9 more
Products & Services of Precium
Precium offers a comprehensive portfolio of products and services, including Payment Processing, Payment Recovery, and Reconciliation Tools.
Optimizes payment performance to increase authorization rates
Recovers failed payments and reduces fraud losses
Automates financial operations for enterprises
Funding Insights of Precium
Precium has successfully raised a total of $6.3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $5.2 million completed in September 2023. 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 $6.3M
- Total Rounds 2
- Last Round Seed — $5.2M
- First Round $1.1M
(Jun 2022)
- Investors Count 10
All 2 funding rounds of Precium with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2023 | $5.2M | Seed | – | QED Investors | |
| Jun 2022 | $1.1M | Seed | – | Speedinvest |
10 investors in total: 10 institutional.
Investors in Precium
Precium has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Circle, Speedinvest and Partech Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in early-stage start-ups | – | qedinvestors.com | Alexandria, United States | |
Venture capital is provided to global tech startups and scale-ups. | 1982 | partechpartners.com | Paris, France | |
Early-stage venture capital and startup acceleration are provided. | 2011 | speedinvest.com | Vienna, Austria | |
Early-stage fintech investments are targeted in emerging markets by RaliCap. | – | ralicap.com | San Francisco, United States | |
Early-stage investments are made in pre-seed startups globally. | – | everywhere.vc | - | |
Venture capital fund focused on tech startups | – | thefund.vc | New York, United States | |
Early-stage companies are funded by the venture capital firm. | – | twoculturecap.com | Dublin, Ireland | |
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - | |
Fintech investments focused on financial inclusion and global economic growth. | 2015 | quona.com | - | |
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | circle.com | Boston, United States |
Investor details for Precium
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Precium
5 people are tracked at Precium (3 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Ruaan Botha | CEO | Leadership |
Quintin van der Linde | Sales Director | Leadership |
Nicole Dunn | Co-founder & Chief (commercial) Operating Officer | Leadership |
Ronelle B. | Risk And Financial Manager | Team |
Inge van der Westhuizen | Enterprise Account Manager At Precium | Team |
Complete people profiles for Precium
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Precium
3 dated milestones of Precium across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Precium is founded.
- Funding First funding round of $1.1M.
- Funding Latest funding round, Seed, of $5.2M.
Competitors of Precium
Precium 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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flutterwave.com | 2016 | San Francisco, United States | $319.41M | – | 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. | |
| 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. | |
| yoco.com | 2015 | Cape Town, South Africa | $102M | – | Payment processing solutions are offered to businesses and merchants. | |
| 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. | |
| dlocal.com | 2016 | Montevideo, Uruguay | $350M | 901 | Global payment processing is facilitated for businesses through diverse methods. | |
| wirecard.com | 1999 | Aschheim, Germany | – | 4,989 | Payment processing solutions are provided for businesses and merchants. |
Detailed competitors of Precium
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Precium
The website of Precium (precium.com) receives about 1.4K visits a month.
- Monthly visits1.4K
▲ 49.8% vs previous month
Latest news on Precium
Complete news archive for Precium
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- Brand-specific news history
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Similar companies to Precium
10 companies that operate in the same segment as Precium (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
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, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about Precium
Precium was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Precium is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Ruaan Botha is the current CEO of Precium.
Precium is a funded company, having raised a total of $6.3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.1M, raised on Jun 2022.
Precium was founded in 2020 and is based in Cape Town, South Africa. Operations focus on the fintech sector, where online payment solutions are delivered to businesses. Services encompass payment processing, recovery mechanisms, analytics tools, fraud management systems, and reconciliation processes. The platform supports various financial workflows to address business payment needs across digital environments.
Precium's top competitors include PayU, Flutterwave and Yoco.
Precium offers Payment Processing, Payment Recovery, and Reconciliation Tools.
Precium has 10 investors. Key investors include Circle, Speedinvest, Partech Partners, Quona, and QED Investors.