Revio, a South African fintech startup, has received a $1 million seed investment led by venture builder, The Delta.
The startup will use the investment to fund its expansion into East Africa next year and launch support services for multinational clients.
Founded in 2020 by Brent Maropis and Louis Buys, Revio allows enterprises and SMEs to automate subscription billing and revenue operations. It has already integrated with Absa, Ozow, Flash and Standard Bank, while other e-commerce platforms such as Shopify, WooCommerce, Opencart, and Magento are also present on its platform.
The fintech company’s platform “supports all currencies and integrates with fintech startup Flutterwave which enables it to encompass other African clients, such as multinationals.
“75% of South Africa consumers have at least one account in arrears, putting most businesses at risk. Revio makes it easy to avoid failed payments, customer churn and improve customer loyalty,” Louis Buys, CEO of The Delta and co-founder of Revio said.
So far, The Delta has raised over $11 million for its ventures and is also raising funds for a disruptive market research tool with new approaches, AI-BO, and a data privacy platform, Priv.
This will help companies comply with the European Union’s General Data Protection Regulation and South Africa’s Protection of Personal Information Act.
