Participated · Seed · Mar 2026

Happy Pay operates an ad-supported, merchant-funded BNPL platform that lets consumers split purchases into interest-free instalments while merchants pay when transactions occur. The company integrates advertising, payments, and financing via a closed-loop AI engine that targets offers based on behavioural signals, transaction data, and affordability insights. Happy Pay has crossed 600,000 registered users and is preparing to scale to millions, investing in risk and fraud infrastructure to support that growth. It positions itself as a commerce layer beyond simple checkout integrations, enabling merchants to drive measurable sales through outcome-based ad spend. The startup was founded in 2021 by Wesley Billett, Patrick Postrehovsky, and Mark Geary. Its stated plans include deepening merchant partnerships and expanding distribution across online and physical retail channels while further developing its AI capabilities.

Participated · Seed · Aug 2025

TurnStay builds payment infrastructure for Africa’s tourism sector using a merchant-of-record model and stablecoin-based payouts to process payments in a traveller’s home country while settling funds locally. Its platform aims to cut cross-border payment fees by up to 70% and accelerate settlement times. The company was founded by fintech veterans Alon Stern and James Hedley. Since its $300K pre-seed in 2024, TurnStay has processed over ZAR 250M in transactions and secured key industry partnerships. With the new funding, TurnStay plans to scale across Africa, offering travel operators an alternative to global booking platforms. The product is positioned to boost operator margins and enable direct bookings. TurnStay provides a localized payments solution for the African travel and tourism sector, charging customers in their home currency and using familiar payment methods. The platform applies techniques used by major booking companies to lower card billing costs by up to 70% and has halved unnecessary failed transactions, boosting checkout conversion rates. TurnStay enables merchants to capture more direct bookings, reducing commissions paid to online travel agencies. The company has processed more than ZAR50 million (about US$2.8 million) in transactions to date. TurnStay will use the US$300,000 funding to expand quickly into additional African markets. Founders James Hedley (co-founder of Quicket) and Alon Stern (co-founder of Slide Financial) lead the business, and investors view the team as well-suited to scale across the continent.