In 2017, Airbuy developed an auxiliary online payment solution for both Africans who have bank accounts and those who do not have them; they help online stores receive payments from customers without a demand for their bank accounts. Having attained some level of growth and return on investment over the past few years, Airbuy, South-African is gunning for a Series A of $136k.
Furthermore, the South African startup is gunning at a Series A round of ZAR2 million which is approximately US$136,000 to fulfill development and patrons acquisition objectives. Asides already signing up over 50 merchants, additional merchants are brought on-board weekly.
Tsephang Kobo, one of the directors reports:
“South Africans have received Airbuy well since our official role out in mid-2019 and we’re very humbled by that. We are very excited about the growing community of local e-commerce businesses that have offered Airbuy as an alternative payment option to give their customers a safer and more comfortable option to pay online their online store.”
Furthermore, Tsephang Kobo reports:
“We have also learned a lot about the challenges that local e-commerce businesses go through around e-commerce. We usually find ourselves going the extra mile to help South African e-commerce businesses with their online store with other issues relating to growing their e-commerce business.”
Come 2020, Airbuy aims at extending its impact from its present operation to more small scale enterprises across the nation. Based on demands, Airbuy is planning on Introducing Android and iOS versions of her payment interphase and outlets.
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