South African travel fintech TurnStay has raised $2 million in seed funding to expand its platform and streamline payments for the travel and hospitality sector across Africa.
The funding round was led by local and regional investors, highlighting growing confidence in fintech solutions addressing travel-related financial challenges. TurnStay provides digital payment solutions, booking management tools, and financial services tailored for hotels, tour operators, and travelers.
Founded to tackle the inefficiencies in travel transactions, TurnStay’s platform enables secure, instant, and cross-border payments, reducing delays and operational friction for hospitality businesses. The fintech also offers analytics and reporting tools, helping businesses optimize revenue and manage cash flow more effectively.
“Travel is an industry full of opportunities, but payment challenges often hinder growth,” said CEO of TurnStay. “This investment allows us to scale our platform and bring seamless financial solutions to more hotels and travelers across Africa.”
With the new capital, TurnStay plans to:
- Expand its platform to more African countries
- Introduce AI-driven booking and payment optimization tools
- Partner with banks and travel operators to increase adoption
Africa’s travel and hospitality sector is recovering rapidly post-pandemic, yet fragmented payment systems remain a barrier. TurnStay’s fintech solution promises to digitize and simplify transactions, empowering businesses to focus on growth and customer experience.
TurnStay’s $2M raise positions it to transform travel payments across Africa, enabling smoother operations, faster transactions, and better experiences for both businesses and travelers.
Read more on Tech Gist Africa:
Flood, a South African startup Secures $2.5M in seed funding
Cerebrium, a South African AI startup raises $8.5 million seed funding
Paymenow, a South African fintech startup has secured US$22.5 million in funding
