Revio provides an end-to-end order-to-cash payment orchestration platform that connects merchants to more than 70 payment methods and service providers via APIs. Its platform offers transaction routing, automated failover and retries, and real-time customer engagement workflows (email, SMS, WhatsApp, push) to boost payment success rates and support revenue recovery. The company recently added a revenue-recovery use case that re-engages customers with alternative payment options or flexible plans after failed authorizations. Revio has expanded coverage to over 25 African markets and serves roughly 50 customers, focusing on large enterprises and mid-market firms with complex, recurring-revenue payment needs. The startup says revenue grew roughly 1,000% year-over-year and counts several large insurers and telcos among its clients. Revio plans to target global retailers servicing Africa and build cross-border reconciliation and settlement capabilities while expanding its engineering and commercial teams. Revio is an API-first payments and collections platform that aggregates and orchestrates multiple payment methods across Africa, including card, bank transfer, debit order, mobile money, vouchers and QR codes. Its platform connects to providers such as Flutterwave, Paystack, Ozow and Stitch and collects and settles payments in more than 40 markets, offering features like smart payment routing, automated billing, auto-retries and real-time analytics. The startup focuses on reducing payment failures and revenue recovery for recurring-revenue businesses (insurers, telcos, retailers, subscription services, asset leasing and alternative lenders). In over a year of operations Revio has onboarded over 50 clients, processes thousands of transactions monthly, and reports more than 100 clients in the pipeline. Founded in 2020 and based in South Africa, the company plans to expand into roughly 13 African countries over the next 18 months (focusing on three to four large markets) and eventually enter other emerging markets such as Latin America, while expanding its team and product suite.

Total raised

$6M

Funding rounds

2

Latest round

Seed

Latest activity

Sep 2023