SA fintech Callpay acquired at US$6.8M valuation

Callpay has been acquired by a global fintech provider in an undisclosed transactional investment aimed at accelerating the company’s growth. The disposal of the company’s shares was based on a valuation of just under $7million (R100 million).

Callpay’s team pointed out how their journey intended to make online transacting safe, cost-effective, secure, and efficient across multiple channels.  Since its launch, Thomas van der Spuy, the company Head of Partnerships told bizcommunity that Callpay has processed $1.4 billion and onboarded over 9,000 merchants.

Callpay lists itself as the first global payment service provider to achieve Level 1PCI-DSS v3 compliance and the first in Africa to get a Payment Card Industry Data Security Standards v3.2 –  compliant Service Provider status.

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