Africa Angel Investors NetworkTurnstay
TurnStay operates on a merchant-of-record model combined with payment orchestration. In practice, it processes card payments from international tourists in their home countries, avoiding costly cross-border interchange fees. It then settles the funds locally with the African travel business, utilising stablecoins to ensure speed and efficiency.
Location: South Africa
Website: http://turnstay.com/
Sector: Finance
Funding Stage: Venture Round, Seed,
Total Funding ($m): 2.3
# of Founders: 2
Founding Year: 2022
Funding Year: 2025
Status: Active
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2024 | $0.3m | Venture Round | DFS Lab, Digital Currency Group |
| 2025 | $2m | Seed | First Circle Capital, TLCom Capital, Enza Capital, Incisive Ventures, crypto-specialist CVVC, and Equitable Ventures. |
 | Co-Founder & CEO  |