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
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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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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.3 M (USD)
in 2 rounds
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Latest Funding Round
$5.2 M (USD), Seed
Sep 26, 2023
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Investors
Circle
& 9 more
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Employee Count
Employee Count
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Products & Services of Precium
Precium offers a comprehensive portfolio of products and services, including Payment Processing, Payment Recovery, and Reconciliation 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.
Optimizes payment performance to increase authorization rates
Recovers failed payments and reduces fraud losses
Automates financial operations for enterprises
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Leadership Team
2 people
Sales and Marketing
1 people
Finance and Accounting
1 people
Enterprise Team
1 people
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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 Total Funding
- Total Rounds 2
- Last Round Seed — $5.2M
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First Round
First Round
(01 Jun 2022)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Seed - Precium | Valuation | QED Investors | |
| Jun, 2022 | Amount | Seed - Precium | Valuation | Speedinvest |
| 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 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. 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 fund investing in early-stage start-ups
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Founded Year | Domain | Location | |
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Venture capital is provided to global tech startups and scale-ups.
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Founded Year | Domain | Location | |
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Early-stage venture capital and startup acceleration are provided.
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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 Precium
| 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 - Precium
| 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 |
Precium Comparisons
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. 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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| domain | founded_year | HQ Location |
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 Precium
Frequently Asked Questions about Precium
When was Precium founded?
Precium was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Precium located?
Precium is headquartered in Cape Town, South Africa. It is registered at Cape Town, Western Cape, South Africa.
Who is the current CEO of Precium?
Ruaan Botha is the current CEO of Precium.
Is Precium a funded company?
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 01, 2022.
What does Precium do?
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.
Who are the top competitors of Precium?
Precium's top competitors include PayU, Flutterwave and Yoco.
What products or services does Precium offer?
Precium offers Payment Processing, Payment Recovery, and Reconciliation Tools.
Who are Precium's investors?
Precium has 10 investors. Key investors include Circle, Speedinvest, Partech Partners, Quona, and QED Investors.
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