About Setcom
Setcom is a Financial Services company based in Sandton (South Africa) founded in 1998 by David Liu, and was acquired by DPO Group in December 2017. It operates as an API-linked payment gateway services are provided for e-commerce transactions. Its chief executive is Eran Feinstein. The company was acqui-hired. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its competitors include PayU, CyberSource, Wirecard, Peach Payments and Precium and 4 more; 3 of its 9 listed competitors have raised funding.
Company details
Setcom was established in 1998 in Sandton, South Africa, within the fintech sector. An API-integrated payment gateway is operated to support e-commerce businesses. Online and mobile card payments, along with EFT transactions, are processed securely. Transaction fees are set starting from R1.20 per transaction. Operations focus on facilitating digital payment solutions across regional markets.
- Headquarters Sandton, South Africa
- Founders David Liu
- Stage Acquired
- SectorsFinancial Services
- Website setcom.co.za
- Social LinkedIn X
- Acquired by DPO Group (Dec 2017)
Investors in Setcom
Setcom has secured backing from 1 investor. Prominent investors backing the company include DPO Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cross-border money transfers are enabled for businesses by DPO Group. | 2006 | dpogroup.com | Nairobi, Kenya |
Investor details for Setcom
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People of Setcom
2 people are tracked at Setcom (2 in leadership).
| Name | Role | Group |
|---|---|---|
David Liu | Founder | Leadership |
Eran Feinstein | CEO | Leadership |
Complete people profiles for Setcom
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- Full employee list
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Timeline of Setcom
2 dated milestones of Setcom across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Setcom is founded.
- Exit Acquired by DPO Group.
Competitors of Setcom
Setcom has 9 listed competitors in our database, 3 of them funded. They include PayU, CyberSource, Wirecard, Peach Payments and Precium, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| cybersource.com | 1994 | Foster, United States | – | – | Global e-commerce payment processing and security services are managed. | |
| wirecard.com | 1999 | Aschheim, Germany | – | 4,989 | Payment processing solutions are provided for businesses and merchants. | |
| peachpayments.com | 2013 | Cape Town, South Africa | $32M | – | Payment gateway solutions are offered to businesses and merchants. | |
| precium.com | 2020 | Cape Town, South Africa | $6.3M | – | Online payment solutions for businesses are provided by Precium. | |
| safecharge.com | 2006 | Ramat Gan, Israel | – | – | Comprehensive payment solutions are provided to online merchants worldwide. | |
| kashier.io | 2017 | Giza, Egypt | – | – | Online payment solutions are provided for businesses via various methods. | |
| callpay.com | 2014 | Cape Town, South Africa | – | – | Cloud-based POS solutions are offered to retailers for operations. | |
| paygate.co.za | 1996 | Cape Town, South Africa | – | – | Payment gateway and recurring billing |
Detailed competitors of Setcom
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- Full competitor set
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Web traffic of Setcom
Websites that share an audience with Setcom (setcom.co.za).
Websites whose visitors overlap most with Setcom. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| mygate.co.za | 28% | – | – | View details |
Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as Setcom (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 |
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Frequently Asked Questions about Setcom
Setcom was founded in 1998.
Setcom is headquartered in Sandton, South Africa. It is registered at Sandton, Gauteng, South Africa.
Eran Feinstein is the current CEO of Setcom.
Setcom was established in 1998 in Sandton, South Africa, within the fintech sector. An API-integrated payment gateway is operated to support e-commerce businesses. Online and mobile card payments, along with EFT transactions, are processed securely. Transaction fees are set starting from R1.20 per transaction. Operations focus on facilitating digital payment solutions across regional markets.
Setcom's top competitors include PayU, CyberSource and Wirecard.
Setcom has 1 investor. Key investors include DPO Group.
Yes. Setcom was acquired by DPO Group in December 2017.