Fintech
South African fintech Peach Payments acquires Operativa
South African fintech Peach Payments acquires Operativa
Peach Paymentsa South African fintech company specializing in online and mobile payment solutions, has acquired a custom software development company Operational. The acquisition will see the entire Operativa team integrated into Peach Payments. Operativa co-founders Dayne Olivier and Ben Janecke will assume the role of Principal Engineer. The full acquisition is expected to be completed by August.
The acquisition is expected to enhance Peach Payments’ ability to rapidly expand into Africa by leveraging Operativa’s specialized expertise and deep knowledge of enterprise systems. According to Peach Payments CEO Rahul Jain, this is a strategic move to accelerate new product development and onboarding of new merchants and banking partners, strengthening Peach Payments’ position as a leading payment gateway in Africa. The addition of the Operativa team will help Peach Payments deliver innovative solutions and expand its market presence.