Peach Payments has acquired the West African payments platform PayDunya. This acquisition marks their first entry into mainland Francophone Africa.
The deal will help Peach Payments expand its reach in Africa. PayDunya is a leading payment platform in six West African countries.
The company aims to accelerate its digital transformation in Africa through this acquisition. The company is already present in Kenya, Mauritius, and Eswatini.
With PayDunya, it can now serve businesses in Senegal, Côte d’Ivoire, Benin, Burkina Faso, Togo, and Mali. This move unlocks opportunities in both Francophone and Anglophone Africa.
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Peach Payments Expands its Presence Across Africa with Strategic Acquisition of PayDunya
PayDunya was founded in 2015 by Aziz Yérima, Youma Fall, Christian Palouki, and Honoré Hounwanou. The company started with €20,000 in bootstrap funding. Today, it processes 70,000 transactions daily. It serves over 4,000 B2B customers.
Aziz Yérima expressed excitement about the acquisition. “We are thrilled to join forces with Peach Payments,” he said. “This acquisition marks a significant milestone for us. It enables us to reach and enhance our value across Francophone and Anglophone Africa.”
Peach Payments CEO Rahul Jain also spoke on the deal. “By integrating PayDunya, we are expanding our footprint into the UEMOA and CEMAC regions,” he said. “This makes the acquisition of PayDunya an obvious step for us as we expand following our Series A funding round.”
Peach Payments is building a pan-African payment ecosystem. This acquisition brings them closer to their goal of offering seamless payments across 12 countries.