Erica Bester, former Group CFO of global authentication company Entersekt, joins Revio as Vice President of Finance and Operations. In this role, Erica will lead the company’s strategic and financial operations, to support accelerated growth in Revio’s existing and new markets.
Revio, the payment orchestration platform helping merchants optimize their order to cash lifecycle, today announced a seed investment round of $5.2 million. The funding round was led by leading fintech fund QED Investors, joined by Partech and continued participation from Revio’s existing investors, Speedinvest, RaliCap, and Everywhere VC.
Africa FinTech executive, Munya Chiura, joins Revio's advisory board. Chiura is a sought-after growth leader with former roles including Head of Growth for Rest of Africa at Flutterwave. Chiura shared that Revio “is targeting a key barrier to growth for businesses in Africa” through targeting “fragmentation and a lack of interoperability” of payment methods.
Former founder and CEO of Payworks, Christian Deger, joins Revio's advisory board. This move sees the payments veteran throw his experience and reputation behind a startup focused on using payments data to optimize revenue collection and assurance across Africa.
Globally, card payments fail 10-15% of the time. In emerging markets, this failure rate is much higher – ranging as high as 40%. Payment failures not only result in immediate lost revenue, but can impact future sales, with 62% of customers opting not to return to a website after experiencing a failed payment. In this article, we highlight 5 tried-and-tested ways that business can increase payment success rates.
In emerging markets, the payments ecosystem is particularly fragmented, with multiple payment methods operating independently. By consolidating payment processing and management, payment orchestration can help businesses to increase acceptance rates, improve operational efficiency, and enhance user experience – taking the pain out of getting paid.
In Southern Africa, debit orders are still the primary method for collecting recurring revenue. However, the payment method is complex and costly to implement, and can be risky to manage at scale. Find out how Revio's Debit Order API simplifies this complexity, making debit order accessible and scalable to businesses of all sizes.
Old Mutual, Africa's largest insurer, launched SMEgo to help SMEs run and grow their businesses on the go. Our partnership enables SMEs to receive card and EFT payments instantly, helping businesses get paid on time and better manage cash flow.